Financial Services Quarterly
In the courts
Current account drawings deemed tax avoidance
A series of current account drawings made by a property developer from his trust and corporate entities amounted to tax avoidance.
Extremely high rates of interest acceptable for short-term loans
A lender making short-term loans was justified in charging interest at 520% per annum.
Enquiries and information
For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
