Some large state-owned enterprises also face problems in taxable salary, depreciation of fixed assets and others that I just mentioned, such as R&D expenditure, advertisement expenditure, risk provisioning and loss write-off etc. If those items could be reflected accurately in the tax base, the profits will also be accurate too.
ANZ is the largest bank in Fiji with total assets of $ billion and forms 40 percent of the total banking system. ANZ’s rural banking Let me say a few words about ANZ’s Rural Banking Services. ANZ started its Rural Banking Services in October 2004. To date, this business has grown substantially from almost nothing to $ million in deposits.