This case is interesting for two reasons. First it entails about 4100m of tax. Secondly, it is an example of the IRD challenging tax treatments taken by Sovereign that at least on its face appeared both appropriate and conservative.
This case is interesting for two reasons. First it entails about 4100m of tax. Secondly, it is an example of the IRD challenging tax treatments taken by Sovereign that at least on its face appeared both appropriate and conservative.