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flag New Zealand will share company tax debts with credit agencies starting October 2025 to improve accountability and fair competition.

flag New Zealand’s Inland Revenue Department (IRD) will begin sharing company tax debt information with credit agencies starting October 2025, ending years of internal restrictions despite having legal authority since 2017. flag Unpaid tax debts have risen from $3 billion in 2017 to an estimated $10 billion by March 2025. flag The move aims to help creditors assess risks, protect financially sound businesses, and discourage "zombie companies" from continuing operations with large unpaid liabilities. flag Companies that proactively manage debts through payment arrangements will not be flagged. flag The change is part of broader efforts to improve accountability and ensure fair competition, though concerns remain about IRD’s preferential creditor status if it continues withholding information.

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