A proposed crackdown on companies that give shareholders loans, rather than pay them taxable income, appears dead in the water.

Inland Revenue has been eyeing the whopping $29 billion shareholders currently owe companies, questioning the extent to which companies are issuing shareholders loans, rather than paying them dividends or wages.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

A proposed crackdown on companies that give shareholders loans, rather than pay them taxable income, appears dead in the water.
Inland Revenue has been eyeing the whopping $29 billion shareholders currently owe companies, questioning the extent to which companies are issuing shareholders loans, rather than paying them dividends or wages.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the Inland Revenue proposal to tax company loans to shareholders being shut down

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e77bb414-236a-4f46-bb17-b40a0071a8b0/transcript