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If they want to turn this around, and not have to deal with a final ACT/ Nat-remainder coalition (lead by Herr Seymour?) then it’s time to take some bold, courageous steps, such as, eg: – Remove the GST from essential foods and essential services. Bread, fruit and vegs, cheese, eg. And electricity – power bills are already unaffordable for many. Remove the GST! – Cap rents now. Not an across-the-board figure, but work it out in some fair way. – Put a temporary hold on ANY new purchases of houses by speculators – eg those who already own several properties and will not be living in the house. ....
Brierley companies sue PwC over alleged wrong advice Fri, 2 Jul 2021, 2:20PM The Big Four accounting firm denies liability in the case, which sees the Brierley group of companies seeking the potential value of tax losses. Photo / Getty Images Brierley companies sue PwC over alleged wrong advice Fri, 2 Jul 2021, 2:20PM The New Zealand arm of PricewaterhouseCoopers (PwC) is being sued for $1.58 billion by members of the Brierley group of companies, which accuse the accounting firm of providing wrong advice. A High Court judgment this week, released to the Herald, outlines the litigation which stems from BIL NZ Treasury, GL Management PTE, GL and Brierley Holdings engaging PwC in mid-1998. ....
Photo: Supplied However, PwC denies liability in the case which is being heard in the High Court in Wellington. A court judgement detailed the case, in which the Brierley companies - BIL NZ Treasury, GL Management PTE, GL, and Brierley Holdings - say that between 1998 and 2018 they acted on advice from PwC on how to use historical tax losses. The judgement noted the $1.582 billion in losses could only be used if they were offset against income generated, and the companies sought advice from PwC on the best way to hold on to the losses until that could be achieved. Finally, they say that, during the financial year ending 30 June 2019, in circumstances which need not be described here, it became apparent that the advice that PwC had provided was wrong, and that as a result the opportunity to utilise the tax losses was lost, Associate Judge Kenneth Johnston outlined in a judgement published this week. ....
PWC sued for $1.5b for allegedly providing wrong advice to Brierley companies stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.