RNZ·4 min read·medium
Over half a million people owe tax. How did this happen?
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RNZ | Te Reo Irirangi o Aotearoa
✦AI Summary
New Zealand's Inland Revenue is facing scrutiny as tax debt has ballooned to $9.4 billion, with small and medium businesses accounting for the majority of outstanding liabilities. Economists and accountants suggest that a more lenient approach during the pandemic may have contributed to the current insolvency crisis.
Inland Revenue needs to be asking questions about how billions of dollars in tax debt has been allowed to accumulate, one economist says.
economybusinesspolitics
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