NZ Super Fund’s net profit shrinks to a shadow of last year as tax bill swells
The taxman got the lion's share of the NZ Superannuation Fund's earnings this year, even though it was a relatively poor year.
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Hawke’s Bay
The NZ Superannuation Fund’s annual net profit shrank to $21.3 million for the year ended June after it paid a whopping $537.8 million tax bill.
The result compares with the previous year’s $3.7 billion net profit and a tax bill of just $122.7 million, the annual report shows.
This year, the
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Jenny Ruth
Thu, 06 Oct 2016
Thu, 06 Oct 2016
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NZ Super Fund’s net profit shrinks to a shadow of last year as tax bill swells
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