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RESEND: IRD not resourced to fix demerger tax

2015-09-12 16:46:29| Chemicals - Topix.net

New Zealanders are being taxed on their own capital because of unfair rules covering shares in demerged companies, but the government argues the Inland Revenue Department doesn't have the resources to fix the problem, the New Zealand Shareholders Association says.. NZSA chairman John Hawkins said Revenue Minister Todd McClay wrote to him saying there was merit in the argument that taxing shares in demerged companies was unfair.

Tags: tax fix resourced demerger

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