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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

UK's Metcalfes Food Company announces demerger

2015-05-18 01:00:00| Food Processing Technology

UK-based snacks manufacturer Metcalfe's Food Company will de-merge and restructure its business to better support its two brands.

Tags: company food announces uks

NAB reveals Clydesdale demerger plan

2015-05-07 02:59:29| BBC News | Business | UK Edition

Clydesdale Bank is to be split from its parent company and then floated, says owner National Australia Bank.

Tags: plan reveals nab clydesdale

BHP demerger: Kiwis face tax bill

2015-04-28 19:51:12| Chemicals - Topix.net

A tax hit facing almost 13,000 New Zealand investors in Anglo-Australian mining giant BHP Billiton is a result of "illogical" treatment of corporate demergers. Photo / Thinkstock A tax hit facing almost 13,000 New Zealand investors in Anglo-Australian mining giant BHP Billiton is a result of "illogical" treatment of corporate demergers under this country's law, an analyst says.

Tags: face bill tax bhp