Kiwibank’s capital problem is its tax liability – banking expert
Should Kiwibank be explaining what the problem is?
Jenny Ruth Wed, 12 Apr 2017
A banking expert reckons the problem with Kiwibank’s quasi-equity issues is that the special purpose vehicle (SPV) it has issued from may be liable for paying the tax liabilities for the whole Kiwibank and New Zealand Post group.
Kiwibank has sold about $350 million of quasi-equity or capital
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