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Electronic card transactions climb for third month
Published February 9, 2010, 4:05 pm, ShareChat
New Zealand consumer spending on credit and debit cards rose for a third straight month in January, helped by purchases at petrol stations, underlining the economy’s slow recovery from its slump.
Tax avoidance settlement pushes ASB to first-half loss
Published February 9, 2010, 4:05 pm, ShareChat
ASB Bank has taken $209 million of a $264 million tax and interest bill from tax avoidance settlements onto its books in the six months ended December 31, it announced today.
ASB reports $10m loss
Published February 9, 2010, 3:32 pm, Timaru Herald
ASB Bank has reported a $10 million loss for the six months to December after agreeing to pay $264m in tax and interest involving disputed foreign lending deals.
ASB reports $10m after tax loss for six months to end of Dec
Published February 9, 2010, 3:22 pm, TVNZ
ASB Bank's underlying earnings after tax earnings for the six months to the end of December slid 16.4% to $199 million
Tax avoidance settlement turns ASB to $10m 1H loss
Published February 9, 2010, 3:18 pm, Scoop.co.nz
Feb. 10 (BusinessWire) - ASB Bank has taken $209 million of a $264 million tax and interest bill from tax avoidance settlements onto its books in the six months ended Dec. 31, the Commonwealth Bank of Australia-owned lender announced today.
N.Z. January Debit, Credit Card Spending Rises 0.5% (Update1)
Published February 9, 2010, 3:13 pm, Bloomberg
Feb. 10 (Bloomberg) -- New Zealand consumer purchases on debit, credit and store cards rose for a third month in January, adding to signs that economic growth will accelerate this year.
ASB Performance Remains Solid Despite Tough Times
Published February 9, 2010, 2:34 pm, Scoop.co.nz
During a period when the global recession has severely impacted banks around the world, ASB’s long-standing commitment to providing excellent service, with an emphasis on understanding customers’ needs, has assisted the Bank to deliver a solid underlying ...
Tax announcement some relief for property owners
Published February 9, 2010, 10:41 am, 3news
There is some relief for commercial property owners that there will be no land or capital gains tax.
How tax changes will affect small businesses
Published February 9, 2010, 10:41 am, 3news
Wed, 10 Feb 2010 7:20a.m. Chief executive of the Auckland Chamber of Commerce, Michael Barnett talks with ASB Business about the impact tax changes will have on small and medium businesses.
Economist talks tax changes
Published February 9, 2010, 10:40 am, 3news
Yesterday the prime minister announced the prospect of significant personal tax cuts countered by a rise in GST to 15 per cent.
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