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3/7/16
Jul 3, 2016 8:01:57 GMT 12
Post by Kiwi Frontline on Jul 3, 2016 8:01:57 GMT 12
Sunday Star-Times 3/7/16
TAX IWI Zac de Silva’s wonderful story about Jeremy Moon and Icebreaker (‘‘Rev-up with reinvention’’, Sunday Business, June 26) was quite inspirational.
Then I read the ‘‘Stars of Maori Business’’ article, where milk processor Miraka, Ngai Tahu Tourism and Tainui Group Holdings were the finalists in the business and innovation category.
However, Dr Michael Gousmett of Canterbury University (Letters, June 26) points out that Ngai Tahu ‘‘reported non-taxable income of $139 million from its many commercial activities which, if taxed at the company rate of 28 per cent, would have contributed $39m to the Government’s coffers’’.
There is such a thing as a level playing field. I felt proud of Ngai Tahu’s success, like many New Zealanders, until I read that article. B R Beach Haven
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