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9 Jul 2024 5:32
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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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    RUGBY RUGBY
    The Central Pulse are wary of fast-tracking the return of two key Silver Ferns ahead of crunch time in the ANZ Premiership More...

    BUSINESS BUSINESS
    People can add more veggies on their grocery lists, as prices continue to be cheap More...


     Today's News

    		 Politics:
    France's Emmanuel Macron asks Gabriel Attal to stay on as prime minister for now 4:37

     Law and Order:
    A Christchurch man killed a stranger he mistakenly believed was trying to kidnap his son from a skate park, felling him with a haymaker-style punch 21:57

     Entertainment:
    Martha Stewart has slammed trolls for branding her mansion makeover "bland and boring" 21:34

     Motoring:
    Motorists are being warned to avoid a serious two-vehicle crash at the Bay of Plenty's Pukehina, on State Highway Two near Rogers Road 21:17

     Entertainment:
    Justin Timberlake is to open a sports bar in Scotland 21:04

     Entertainment:
    Tilda Swinton slapped an American friend who called her "English" 20:34

     Entertainment:
    The Kardashians believe in aliens 20:04

     Entertainment:
    Lupita Nyong'o adopted a rescue cat to help her through a "hard time" and she now can't "imagine life without" him 19:34

     Entertainment:
    Jason Derulo thought he was going to die when he broke his neck 19:04

     Law and Order:
    Two men, including a Auckland Airport baggage handler, have been found guilty of trafficking meth through the airport in 2021 18:57

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