Kerre Woodham: Are the banks paying their fair share of tax?

To start the morning, I wondered about looking at the fairness - or otherwise - of the corporate tax rate.

The Finance Minister, according to a New Zealand Herald story, has quietly asked Inland Revenue to look at the appropriateness of the tax settings being applied to banks. Nicola Willis confirmed to the Herald a wide range of options is being considered to ensure the major banks are paying their fair share of tax.