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Showing posts with label Inland Revenue Department (IRD). Show all posts
Showing posts with label Inland Revenue Department (IRD). Show all posts

Tuesday, December 9, 2025

Dr Oliver Hartwich: Directors who dodge their tax debts


Last year, Inland Revenue wrote off $694.5 million in company tax debt. Much will never be recovered because the companies that owed it no longer exist – at least not in their original form.

Here is how the scam works. A company accumulates GST and PAYE debts. The directors continue to trade, knowing they cannot pay. When the debt becomes unmanageable, they walk away from the company, leaving nothing for creditors. Then they start a new company doing the same thing. The old company dies; a new one rises from its ashes: same directors, same business, no tax debt.

It is called phoenix activity. And our enforcement system cannot stop it.

Saturday, July 19, 2025

Bob Edlin: Fringe benefits in the dunnies at IRD raise questions.....


Fringe benefits in the dunnies at IRD raise questions about what staff can say without upsetting the rainbow bunch

Free speech is under threat in Britain because people feel they cannot speak out for fear of offending others over race, religion and immigration, according to research for the Commission for Countering Extremism, which advises the Government.

Moreover, almost half of Britons believe people are too easily offended.