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Westpac Banking Corporation v CIR
Westpac Banking Corporation v The Commissioner of Inland Revenue
This is the Judgment of Rhys Harrison J. in the case of Westpac Banking Corporation v The Commissioner of Inland Revenue, Auckland High Court, 7 October 2009.
"Westpac Banking Corporation has challenged amended assessments issued by the Commissioner of Inland Revenue to its taxation liability for the years 1999 to 2005. The assessments impugn the bank’s taxation treatment of nine structured finance transactions entered into with overseas counterparties in that period…"
ENDS
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