Westpac wins IRD review after staff error doubles tax
What happens when a taxpayer accidentally adopts a correct but disadvantageous tax position?
A High Court judge says Inland Revenue must review its tax treatment of Westpac after the bank took the taxman to court over old returns.
In a decision about the breadth of the tax commissioner’s powers, Justice Denis Clifford has favoured the bank's interpretation of the law.
Westpac said that
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Victoria Young
Tue, 03 Feb 2015
Tue, 03 Feb 2015
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Westpac wins IRD review after staff error doubles tax
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