$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

    Like

  2. adamsmith1922 says:

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

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: