Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Chartered Accountant's Welcome LAQC Assurance

6 September 2006

Institute of Chartered Accountants Welcome LAQC Assurance

6 September 2006

The New Zealand Institute of Chartered Accountants welcomes Revenue Minister Peter Dunne's assurance that there will be no immediate change to the rules for loss attributing qualifying companies.

The Institute's tax director, Craig Macalister, said that the limited liability partnership proposals were not a substitute for the LAQC rules, and that Chartered Accountants oppose any move towards changing LAQC rules at this stage.

"Many New Zealanders operate LAQCs for both business and investment purposes. In the absence of a directly comparable substitutable structure, changing the rules around LAQCs would be inappropriate and costly," Mr Macalister said.

"There are other options for the Government to consider before contemplating removing LAQC rules.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>