Christmas 2009 did not bring much festive cheer to the shareholders of Australia's largest banks. On December 23rd, the so-called Four Pillars announced simultaneously that their subsidiaries in New Zealand had settled with the NZ Inland Revenue Department (IRD), in respect of long-running...

This article was contributed to the special isse of Osgoode Hall Law Journal Volume 52, Issue 2 (Summer 2015) "Tax Policy for a Better Tomorrow: Intersectoral and Multidisciplinary Connections, a Workshop in Honour of Neil Brooks," Guest Editor: Tim Edgar, Thaddeus Hwong & Jinyan Li.The purpose...