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 Awww: NZ tax debt soars

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Awww: NZ tax debt soars Vide
PostSubject: Awww: NZ tax debt soars   Awww: NZ tax debt soars Icon_minitimeMon Jan 19, 2015 10:13 pm
Overdue tax debt has "sky-rocketed" in the provinces and Labour is calling on the Government to declare an amnesty.

Outstanding taxes have increased in Nelson by $67.9 million (119 per cent), Timaru $15.6m (76 per cent) and Greymouth $5.6m (51 per cent) in the last six years.

Palmerston North ($139m), Napier ($496m), Whangarei ($86m) also have significant levels of unpaid taxes.

In total, Inland Revenue (IRD) is owed more than $5.03 billion, up from $4.5b in 2008-09. IRD spends about $90m a year chasing outstanding debt.

http://www.stuff.co.nz/business/industries/65227271/tax-debt-rockets-labour-calls-for-amnesty
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