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Liberal interpretations may have tax implications
Thursday 15th of July 2004
A number of products have been launched that appear to assume a definition different to that of the IRD.
Sovereign managing director Simon Swanson says people may be unwittingly placing themselves at the risk of tax penalties.
"We have contacted the IRD with our concerns, and received a letter confirming that the well-established 1994 Policy Statement remains the commissioner’s pos...
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