29 May 2014
HC SERVICES LTD v CIR [2014] NZHC 1169
- Citation
- [2014] NZHC 1169
- Court
- High Court
Fraud by promoters who failed to deliver a compliant employee fund does not prevent the existence of a tax avoidance arrangement where real transactions, documents and steps altered tax incidence; on the facts the appellant was a party to an arrangement with the dominant purpose and effect of avoiding tax and thus took an abusive tax position under s141D(7)(b)(i); appeal dismissed.