New Zealand

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 10/06/2010

Taxmail - Penny and Hooper tax case 

The Court of Appeal recent released its decision in Commissioner of Inland Revenue vs. Ian David Penny and Gary John Hooper (the “Penny and Hooper case”).  In a two to one majority, the Court decided that the payment of non market salaries to the two orthopaedic surgeons, by their respective companies, amounted to tax avoidance.
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The attached taxmail analyses the Penny and Hooper case and the majority and dissenting judgments in greater detail.
Taxmail - Comment on topical tax issues from KPMG NZ Tax. 

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