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8 Jul 2024 8:57
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      Home > News > Business

    The Port of Tauranga says tax changes will hurt its profits

    The Port of Tauranga says tax changes will hurt its profits

    4 July 2024
    Chief executive Leonard Sampson says a law change on commercial building depreciation, will give the company a 12.9 million-dollar one-off deferred tax hit - for the year ending June.

    He says the accounting adjustment will reduce their final reported profit - but has no impact on cash flows.

    © 2024 Newstalk ZB, NZCity


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     Today's News

    		 Politics:
    Early polling predicts leftist coalition has won the most seats in France's snap parliamentary election 8:57

     Health & Safety:
    Belief a boost in funding of heart failure drugs for all New Zealanders is another step towards addressing inequities 8:57

     Motorsports:
    Formula One driver Lewis Hamilton has claimed a record-breaking ninth British Grand Prix victory at Silverstone  8:27

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     Living & Travel:
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     Motorsports:
    Lewis Hamilton's final British Grand Prix for Mercedes has earned him a first Formula One victory since 2021 7:47

     Law and Order:
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     Rugby League:
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     Business:
    People can add more veggies on their grocery lists, as prices continue to be cheap 7:27

     Business:
    Grocery prices could go back down to pre-pandemic levels next year 7:17

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