$2.2b Christmas present

The four banks – ANZ, ASB, BNZ, Westpac-  which were judged to be in debt to Inland Revenue have agreed to pay $2.2b.

That’s a very pleasant turn around from most of the news stories of the year which have recorded falling tax revenue in the wake of the recession.

Just the Christmas present Finance Minsiter Bill English needs.

2 Responses to $2.2b Christmas present

  1. Adolf Fiinkensein says:

    I always thought they would cough. IRD had them by the short and curlies. If you appeal and lose we’ll do you for another few billion in use of money interest and penalties.

    Well done IRD.

    Blenglish will be tickled pink.

    And a very pleasant Christmas to you and yours, HP


  2. adamsmith1922 says:

    Only an $800 million uplift as IRD already assumed 1.4 billion would be received


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