Ford NZ books $25m tax bill after IRD settles dispute with US authorities
Ford Motor Company New Zealand has paid $25 million in tax after Inland Revenue and US tax authorities settled a dispute over the handling of the car importer’s income.
A financial statement published by Ford’s NZ operations on Tuesday shows the years-long dispute over its tax payments had been resolved, resulting in a $25m tax bill and a $4.7m loss for the year to Dec 31. ⌘ Read more