News

Industry pushes for radical reform of tax

Monday 22nd of March 2004
The current taxation of investment funds in New Zealand is full of anomalies and distortions and the whole system needs to be re-vamped. Judging from the consensus at the annual FundSource conference in Auckland last Friday, that is something on which everyone agrees, even the Inland Revenue Department (IRD).

BT Funds Management chief executive Craig Stobo said that the current system “creat...

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