18 Jun 2010

Tax changes will cost Auckland Airport $80m

6:32 pm on 18 June 2010

Auckland International Airport says tax changes announced in the Budget will cost it $80 million this financial year.

But it says that will not affect its underlying cashflow, profitability or dividend payments.

Last month the Government cut the corporate tax rate from 30% to 28% and removed the ability to depreciate buildings.

The listed airport company says savings made through the lower tax rate will offset any impact from the depreciation changes.