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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
3 mins to read

Taxman's view of Eric Watson’s alleged money-go-round

IRD tries to bring up dispute with Sir Owen Glenn.

NBR Rich Lister Eric Watson routed money through multiple entities to himself, Inland Revenue contends, as it summarises its $60 million case against Eric Watson’s Cullen Group.

The taxman disputes $290m worth of transactions, which enabled Cullen Group to pay just 2% in tax instead of 15%.

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Taxman's view of Eric Watson’s alleged money-go-round
Law,
76420
true