New Zealand's Inland Revenue to spend $29m on tax evasion crackdown, receiving $116m gov't support to collect $7.4bn tax debt.
New Zealand's Inland Revenue to spend $29m on tax evasion crackdown, targeting those who avoid obligations, as tax debt rises to $7.4bn. In response, the government allocates $116m over the next four years to support the department in collecting tax debt and improving compliance. The funding will allow for more people to be involved in investigating tax arrears and audits, with a focus on areas such as the hidden economy, retail sector, and trust compliance.
July 11, 2024
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