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Penny and Hooper case. Penny and Hooper ( [2011] NZSC 95) [1] was a landmark taxation case in New Zealand that reached the Supreme Court of New Zealand, which was a major victory for the Inland Revenue Department (IRD) on the issue of tax avoidance .
Inland Revenue started out as the Land Tax Department in 1878. The department was renamed the Land and Income Tax Department in 1892 with the central office set up in Wellington. Only in 1952, when the organisation joined with the Stamp Duties Department, was the organisation known as the Inland Revenue Department.
In 1992, New Zealand politician Winston Peters made repeated claims in Parliament of criminality associated with tax planning undertaken by some of New Zealand’s largest companies (some involving tax deals with the Cook Islands) as well as fraud and incompetence by both the Inland Revenue Department and the Serious Fraud Office.
www .sfo .govt .nz. The Serious Fraud Office ( SFO; Māori: Te Tari Hara Tāware) is the public service department of New Zealand charged with detecting, investigating and prosecuting financial crimes, including corruption, of a serious and complex nature. The SFO is New Zealand's lead law enforcement agency for investigating and prosecuting ...
In 2003, Ferguson was seconded to the New Zealand Inland Revenue Department as deputy commissioner for a period of three years. From 2006 to 2012 she was director, business customer and strategy for HMRC. In July 2012 she was appointed commissioner and chief executive of the New Zealand IRD, becoming the first woman to hold these positions.
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and back to 39% in April 2021) and corporate income tax rate from 48% to 28% (changed to 30% in 2008 and to 28% on 1 October 2010).
This excludes the financial impact of the overseas property Harvey Norman owns for its stores. New Zealand was the only overseas market to recorded a rise in profit over the last financial year (from AU$49.75 million to AU$53.11 million), with operations in Slovenia and Croatia posting a small profit decline (from AU$3.02 million to AU$2.70 ...
Romantically linked to actor Jonathan Majors since 2023, Good opened up about their relationship and recent challenges to Hoda and Jenna. “The support we’ve been able to give to each other ...