Air New Zealand wins $3.51 million as tax refund from Cook Island

Air New Zealand recently won a Cook Island High Court tax case against Cook Islands Collector of Inland Revenue and secured $3.51 million as tax refund payment. The high court ruled in favour of the case of Air New Zealand Limited vs the Collector of Inland Revenue and said Air New Zealand taxes should be paid in New Zealand instead of the Cook Islands. The Cook Islands government subsidised Air New Zealand $64.95 million over ten years to operate direct Rarotonga and Sydney Kingsford Smith and Rarotonga and Los Angeles International flights. However, these services ceased with the onset of pandemic, but the