Podcasts about Inland Revenue

Send Us A Message! Let us know what you think.The election campaign has officially ignited a fierce debate over capital, wealth, and property taxes in New Zealand. In this episode, we dive deep into the facts behind Labour's proposed 28% Capital Gains Tax and the Green Party's proposed wealth and inheritance tax structures. We also crunch 70 years of historical real estate data to reveal the truth behind the 10-year doubling rule, look at why high-quality listings are essentially "on special" right now, and address the staggering new Inland Revenue data showing a massive spike in KiwiSaver financial hardship applications. The Looming Property Taxes: Labour has proposed a 28% Capital Gains Tax on realized residential and commercial property gains starting from a July 1, 2027 valuation day (excluding the family home currently). Meanwhile, the Green Party has proposed a 2.5% wealth tax on net assets over $10 million and a 33% inheritance tax on assets over $1 million. The Confirmed Banking Levy: Under Budget 2026, a new prudential levy on banks and insurers is expected to raise $290 million. Financial institutions rarely absorb these operational fees, meaning they will likely pass them down to consumers via higher mortgage interest rates. The 10-Year Doubling Rule Exposed: Historical data since 1950 reveals that nominal house prices doubling every decade only actually occurs about 55% of the time. The 2020s are currently on track to be the weakest growth decade in 70 years, sitting at just 10% value growth so far. The KiwiSaver Hardship Reality: Over 58,000 KiwiSaver members submitted financial hardship applications in 2025—a clean doubling of the volume recorded just two years prior. Don't get frozen on the sidelines by election-year fearmongering. Learn how to establish clear buying boundaries and build independent financial security. 

 Late last year IRD announced it was resuming action against smaller tax debts, following a period of leniency post pandemic. How much of an estimated 10 billion dollar tax debt can it recover? 

Right, hands up — who felt sorry for the doctor arrested at the border for not paying back his student loan? So the details are: this chap owes almost $180,000. Yes, he admits he should have responded to IRD on the multiple occasions they tried to contact him — but he didn't. And he says he didn't realise how much money he owed until just recently. Now he's in a terrible situation because he's stuck in New Zealand. The authorities have taken his passport and he can't leave unless he ponies up some money. He's also got no income while he's here so he's had to cancel some eye surgeries and shoulder surgeries. Yes, it sounds like he's a surgeon — which means, no, he's not exactly on the bones of his arse, is he? Feel sorry for him? Nah. Of course you don't — me neither. In fact, I'm going to admit something to you, which is not very nice of me: I take a perverse pleasure in hearing about people like this getting caught at the border and forced to pay up. And yes, even though it's “only” $180,000 — small beer in terms of what the country deals with — every one of those dollars feels like a win to me because of what it represents. People like this doctor are the epitome of taking this country for a ride. He knew he should pay his student loan back. I knew I should have paid mine back. We all knew it. Most of us did. But some went overseas and thought they could come and go from New Zealand whenever they liked, with no repercussions and never have to pay the money back. Well, this is a come-to-Jesus moment for people like that. It's changed in New Zealand. We're not gentle parenting anymore — we're practising FAFO. You know what that is? F around and find out. And it's working. There's one lawyer in this country who reckons he's doing so much work on student loan cases alone that he's had to stop taking on other work. That's how many people he's helping clean up this kind of mess. He says he's dealt with more than 300 cases, accounting for around $25 million owed to New Zealand — and he's already managed to recover $7 million of it. Good. Am I sorry for the doctor — and everyone else in the same situation? Absolutely not. LISTEN ABOVESee omnystudio.com/listener for privacy information.

This week does the new $100,000 threshold for the FIF regime mean FIF investors are wealthy, Inland Revenue's major consultation on GST and Ford Motors loses its battle with Inland Revenue over transfer pricing

Emma was twenty-years-old, a plain girl, a quiet, unassuming girl. She had a secret diary, which came into my possession. No one would have believed what I discovered about young Emma. There was far more to young Emma than met the eye! Also in this episode, do you remember The Likely Lads on television?  Left on the shelf! Did you find yourself alone after all your friends got married? Lots to talk about in this episode. The Inland Revenue! I hope you enjoy it!

This week, Inland Revenue consults on the roles and regulation of tax agents and other tax intermediaries, the capital gain problem for UK based beneficiaries of trusts and how migrants are an increasingly critical source of taxation.

Inland Revenue has been issuing multiple warnings for cryptocurrency traders that they'll need to pay tax on any profits they've made. Money correspondent Susan Edmunds spoke to Ingrid Hipkiss.

This week, Inland Revenue “reminds” crypto-asset investors that they need to get tax compliant, a report for the Finance Minister reveals how much extra tax has been paid because of fiscal drag and the European Commission publishes a major report on Wealth Taxation

Inland Revenue is reminding crypto-investors of their tax obligations. The agency says it has identified 355 thousand unique crypto-asset users in New Zealand conducting some 57 million transactions. It says any profit from selling, trading, or exchanging the assets is taxable as income. Tax Partner at Dentons, Bruce Bernacchi told Mike Hosking there's quite a lot of misunderstandings about crypto out there. He says people who aren't regular share traders don't pay capital gains when they buy and sell things like shares, but that's very different than crypto, which is generally seen as being taxable. LISTEN ABOVE See omnystudio.com/listener for privacy information.

EDITORIAL: We know there's a growing gap in this country—and it's not just between the rich and the poor. It's between what we say we want, and what we're actually prepared to do to pay for. Because right now, the numbers are starting to bite. Treasury is warning—loudly—that we are heading into a future where fewer workers supporting more retirees. We know that - it's fact. And now, Inland Revenue is backing that up, saying quite clearly: if we don't change course, the books don't stack up. Debt will grow. Pressure will build. Something will have to give. And here's the uncomfortable truth—there are only two levers you can pull. You either spend less… or you tax more. Now look around. We've got around 165,000 people on an unemployment benefit. We've come through COVID with a massive debt hangover. Infrastructure costs are blowing out. Health, pensions, everything—up, up, up. So I'll ask the obvious question: are we really going to save our way out of this? I don't think so. And that's why this conversation that politicians keep avoiding—we need to have it properly. Because Inland Revenue has already laid it out. They say GST should go up. Now think about that for a minute and don't let it shock you too much. They say capital gains should be looked at. They say the system needs to be more flexible so governments can pull in more revenue when they need it – like now. And whether we like it or not… they're probably right. Let's take GST. We are at 15% in New Zealand. Now compare that to Europe—where consumption taxes are often higher. The United Kingdom runs a VAT of 20%. Germany? 19%. France? 20%. The Nordic countries—Denmark, Sweden—around 25%. So, the idea of moving GST from 15% to 17% or 17.5% here—it's not radical internationally. It's actually pretty modest. Yes, it hurts and it hurts everyone. But it's simple. It's efficient. And if you pair it with targeted support—cash transfers or tax relief—for low-income earners, you can soften the blow where it matters most. Then there's the old capital gains tax. Nobody wants to talk about the horrible old capital gains tax. And I know—people hate hearing it. But Inland Revenue is blunt: not taxing capital gains creates distortions. It lets people shift income into areas that aren't taxed, and that weakens the system. So why not be surgical about it? You don't touch the family home. We don't want to hit ordinary Kiwis. But if you're dealing in assets—property, investments—worth over $2 million, $2.5 million… then yes, maybe you should be paying capital gains tax. Because here's the reality—we're in a hole. And when you're in a hole, you don't get out by pretending everything's fine. Some people have done extremely well, even through COVID, even through recession. Meanwhile, others are barely hanging on. So yes—maybe company tax edge up. Maybe high-end capital gains are taxed. Maybe GST nudges higher. None of it is popular. But this is the point—there is no pain-free option anymore. The real question is: are we prepared to take a bit of pain now, and alot of us have had that pain… to avoid a much bigger one later? It's coming, we can't afford it, and we can't get our spending down. LISTEN ABOVESee omnystudio.com/listener for privacy information.

This week I'm joined by a team from Tax Justice Aotearoa including Glenn Barclay, the chair , Bill Rosenberg, a member of the last tax working group, Nick Miller a former Inland Revenue officer, and Kate Stone who is also campaign manager for the Better Taxes Campaign. We discuss Tax Justice Aotearoa's just released Tax Policy Statement.

There's cautious support being shown for a crack down on black market tobacco, but also warnings the tobacco industry itself could be stoking fears. A report into the illicit tobacco trade, released by Retail NZ, pushed for the formation of a unified response from Customs, Police, Health NZ and Inland Revenue. It's chief executive said we need to act quickly, but the Prime Minister isn't convinced. Finn Blackwell reports.

Inland Revenue has claimed New Zealand needs higher taxes, building off earlier arguments made by Treasury. It sees scope to increase the goods and services tax (GST) rate - offering a cash transfer to low-income earners - and tax more capital gains. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

On the Early Edition with Ryan Bridge Full Show Podcast Thursday 16th of April 2025, Pharmacists are being given more powers to help take the pressure off GPs, Director of Mangawhai Pharmacy Lanny Wong tells Ryan how big of a difference this will make. The Envy apple has cracked $1 billion in global sales, a first for a New Zealand apple brand, T&G Managing Director tells Ryan Bridge how the brand became so successful. Inland Revenue is floating higher GST and a Capital Gains Tax, Independent tax expert Geof Nightingale shares his thoughts. Plus, US Correspondent Mitch McCann has the latest on Trump saying to watch out for an "amazing two days" as diplomats work to arrange a second round of peace talks and Trump renewing his threat to dismiss Federal Reserve Chair Jerome Powell. Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A tax expert believes new Inland Revenue recommendations fly in the face of long term fiscal forecasts. The report lays out a range of suggestions, including a capital gains tax and increasing the Goods and Services tax from 15%. It warns this would disproportionately affect those less fortunate, so should be paired with cash transfers to poorer workers. Independent tax expert Geof Nightingale told Ryan Bridge the aim is to ease the Government's deficit. He says you can borrow, which isn't sustainable long term, or you can cut expenditure and raise taxes. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Inland Revenue has claimed New Zealand needs higher taxes, building off earlier arguments made by Treasury. It sees scope to increase the goods and services tax (GST) rate - offering a cash transfer to low-income earners - and tax more capital gains. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Inland Revenue gains another tool for its crypto-asset activities, a useful case highlighting the hidden traps of the financial arrangements regime and Iran and the All Whites might have a bigger opponent in the US Internal Revenue Service

Government's "timely, targeted and temporary" fuel relief package comes into effect but other changes effective from 1st April bite into that package and problem of low abatement thresholds remains. With terminal tax payments coming up new tax bill provides more options around tax pooling and Inland Revenue warns of cyber attacks.

A KiwiSaver provider says more people are asking about dipping into their KiwiSaver due to hardship - as the cost of living and market volatility bites. Figures from Inland Revenue show last month almost 5000 kiwis withdrew $41.2 million due to financial hardship up from $37 million in February 2025. That was before the war in Iran caused the fuel prices to skyrocket and rattled the financial market. Generate KiwiSaver's Head of investment, Greg Smith spoke to Lisa Owen.

On today’s show: Ben's daughters are planning his divorce... Why Megan was sent off with a dramatic guard of honour and Nerf gun salute. Listeners share worst learner‑driver disaster as Ben is teaching his teenager to drive! Jono's Inland Revenue meeting is triggering anxiety... The best-spoken breakdowns in songs! Nicole Ryan joins with entertainment gossip behind Secret Life of Morman Wives! Sibling Survivors returns with brutal childhood stories Instagram: @THEHITSBREAKFAST Facebook: The Hits Breakfast with Jono, Ben & MeganSee omnystudio.com/listener for privacy information.

Finance Minister Nicola Willis has revealed plans are in place to unveil a package to help households with the cost of fuel. She says more details will be revealed tomorrow, and she's worked with Inland Revenue and Treasury officials to develop this planned relief. Willis explained that this plan won't go against the Government's fiscal strategy ahead of the upcoming election. "We will be funding it from this year's Budget operating allowance...we are going to prioritise our Budget in order to be able to fund this in a temporary, timely and targeted way." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Finance Minister Nicola Willis has revealed plans are in place to unveil a package to help households with the cost of fuel. She says more details will be revealed tomorrow, and she's worked with Inland Revenue and Treasury officials to develop this planned relief. Willis explained that this plan won't go against the Government's fiscal strategy ahead of the upcoming election. "We will be funding it from this year's Budget operating allowance...we are going to prioritise our Budget in order to be able to fund this in a temporary, timely and targeted way." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Changes to thin capitalisation and student loan debt relief announced, Inland Revenue issues warning over employers failing to pass on tax deductions and some suggestions for providing timely targeted and temporary relief for those most affected by the surge in petrol prices.

The Finance and Expenditure Committee report on the Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) bill contains good news for holders of financial arrangements, meanwhile the controversial Inland Revenue shareholder loan proposals hit a major roadblock. And finally property flippers should beware.

A proposed crackdown on companies that give shareholders loans, rather than pay them taxable income, appears dead in the water. Inland Revenue has been eyeing the whopping $29 billion shareholders currently owe companies, questioning the extent to which companies are issuing shareholders loans, rather than paying them dividends or wages. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

This week more insights on Inland Revenue's investigation priorities, how the Iranian Crisis is affecting tax exiles and a poll suggesting New Zealanders support more taxes on ultra-rich coincides with Tax Justice Aotearoa's release of a Wealth Tax Policy Note on the high concentration of wealth in New Zealand

Spinning sides at the conversational disco to see what fills the dancefloor, which this week includes … … Jerry Garcia had seven fingers! Brian Jones had seven children! Morrissey worked for the Inland Revenue! … the most terrifying villain in the history of cinema ... is pop music becoming inbred? … when Neil Sedaka made records with 10cc (and Abba) … Happy? Get Lucky? Crazy In Love? What was the last hit single the whole world seemed to be singing? … Noddy Holder, Kim Wilde, Robert Wyatt, Gary Numan: what makes you a National Treasure? … rock and roll puns and double-entendres … “drawn from the national conversation”: the divine Englishness of the Pet Shop Boys … the Gilded Palace of Sin, In The Court of the Crimson King and other records we bought because of the title … and acts wiped out by the Beatles “like corn before the sickle”.Help us to keep the conversation going: https://www.patreon.com/wordinyourear Hosted on Acast. See acast.com/privacy for more information.

Spinning sides at the conversational disco to see what fills the dancefloor, which this week includes … … Jerry Garcia had seven fingers! Brian Jones had seven children! Morrissey worked for the Inland Revenue! … the most terrifying villain in the history of cinema ... is pop music becoming inbred? … when Neil Sedaka made records with 10cc (and Abba) … Happy? Get Lucky? Crazy In Love? What was the last hit single the whole world seemed to be singing? … Noddy Holder, Kim Wilde, Robert Wyatt, Gary Numan: what makes you a National Treasure? … rock and roll puns and double-entendres … “drawn from the national conversation”: the divine Englishness of the Pet Shop Boys … the Gilded Palace of Sin, In The Court of the Crimson King and other records we bought because of the title … and acts wiped out by the Beatles “like corn before the sickle”.Help us to keep the conversation going: https://www.patreon.com/wordinyourear Hosted on Acast. See acast.com/privacy for more information.

Spinning sides at the conversational disco to see what fills the dancefloor, which this week includes … … Jerry Garcia had seven fingers! Brian Jones had seven children! Morrissey worked for the Inland Revenue! … the most terrifying villain in the history of cinema ... is pop music becoming inbred? … when Neil Sedaka made records with 10cc (and Abba) … Happy? Get Lucky? Crazy In Love? What was the last hit single the whole world seemed to be singing? … Noddy Holder, Kim Wilde, Robert Wyatt, Gary Numan: what makes you a National Treasure? … rock and roll puns and double-entendres … “drawn from the national conversation”: the divine Englishness of the Pet Shop Boys … the Gilded Palace of Sin, In The Court of the Crimson King and other records we bought because of the title … and acts wiped out by the Beatles “like corn before the sickle”.Help us to keep the conversation going: https://www.patreon.com/wordinyourear Hosted on Acast. See acast.com/privacy for more information.

A New Zealander who has left for Australia says he's been hit hard by Inland Revenue "annualising" his income to claw back Working for Families credits. Money correspondent Susan Edmunds spoke to Corin Dann.

This week the new "scheme pays" option for UK pension scheme transfers to QROPS, Inland Revenue is consulting on banking taxation changes, and an interesting and useful Taxation Decision Review relating to foreign investment funds

The Anti-Corruption Taskforce's first report suggests public sector fraud is almost certainly under-reported. It analysed six agencies - including Corrections, Inland Revenue and Sport New Zealand. The Serious Fraud Office-led taskforce found 446 suspected cases of internal fraud or corruption, over 15 months. Transparency International NZ executive director Julie Haggie says this is a 'significant' report highlighting many internal issues. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Inland Revenue made applications to wind up more than 120 businesses in November, as it draws to the end of a year in which it has come down hard on taxpayers shirking their obligations. Money correspondent Susan Edmunds spoke to Ingrid Hipkiss.

"Dinner or debt"; that's the choice some people receiving the pension say they're forced to make after taking on student loans later in life. One Taupo woman says she's still got a $58,000 student loan, from a business degree two decades ago. Her super's now being docked to pay the debt and she says she's sacrificing the basics just so she can pay for rent and power. It's prompted calls for better guidelines on student loan eligibility and better communication between Inland Revenue and older students. Bella Craig reports.

Every year, thousands of New Zealand bank accounts are closed and the money is transferred to Inland Revenue. Money correspondent Susan Edmunds spoke to Ingrid Hipkiss.

Inland Revenue has got millions of extra funding in recent years, which is helping it get tax debt under control as well as cracking down on anyone who's dodging their responsibilities. That's seen Baycorp used to chase tax debt, student loan debtors facing arrest at the airport and money being taken from bank accounts at a much faster rate. Some experts say it's a big shift in approach but also a necessary one. Money correspondent Susan Edmunds explains.

The IRD is set to be cracking down harder on those who don't pay their taxes properly, and they've unveiled new measures for people who ignore correspondence. The department will start taking money out of people's bank accounts if they owe over a certain amount - and they've recovered at least $17 million so far. The IRD's Tony Morris says they aim to phone people at least twice before they start directly taking money out of accounts. "Other times, we might just contact people once or twice and then take money out of their accounts so they don't squander it." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Thousands of people have had money deducted from their bank accounts in recent months as Inland Revenue steps up its efforts to collect the tax it is owed. Money correspondent Susan Edmunds has been looking into it and spoke to Ingrid Hipkiss.

Inland Revenue is cracking down on student loan borrowers who are overseas, and while it is pulling in the money, people based offshore say they are struggling with its approach. Money correspondent Susan Edmunds spoke to Lisa Owen.

Inland Revenue is stepping up efforts to track down overseas student loan debtors.

Tonight, on The Panel, Wallace Chapman is joined by panellists Verity Johnson and Patrick Phelps. First up, the Government is set to axe Inland Revenue's powers to investigate how much tax is being paid by the rich. The Taxpayer's Union agrees with the move, but Tax Justice Aotearoa says it's shielding the rich. Should tax be private? Then, is the US a rouge state? The Panel talks to Chris Ogden, associate professor and director of Global Studies University of Auckland and asks, does the US meet the definition?

When the IRD knocks, will you be ready? In this episode, we unpack how Inland Revenue investigations work, the triggers that set off audits, common tax mistakes property investors make, and the steps you can take to protect yourself and stay compliant.Next Steps: If you're worried about making the wrong move with your taxes, talk to Lighthouse Accounting - we'll make sure you're compliant, keep every deduction you're entitled to, and help keep the IRD off your back.For more money tips follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

More businesses are reporting losses but things may not be quite as bad as the numbers make it seem. Inland Revenue data shows one in five businesses aren't turning a profit. But ABC Business Sales Managing Director Chris Small says most of those are businesses structured to make a loss, like trusts and property companies. He told Mike Hosking the situation he's seeing is far more positive. Small says 90% of businesses that are coming to see him are making a profit, with others making a paper loss. LISTEN ABOVE See omnystudio.com/listener for privacy information.

A tax expert says there is a concerning trend as businesses owe more and more to Inland Revenue. Businesses owe more than $1.4 billion in unpaid GST and PAYE from the 2025 tax year. Only $66 million of that is from businesses or individuals that are bankrupt or in liquidation. Deloitte Tax Partner Robyn Walker told Mike Hosking the construction sector alone owes about $1 billion. She says it is difficult to say how it stacks up against other industries. LISTEN ABOVE See omnystudio.com/listener for privacy information.

In recent months, everyone from Treasury to Inland Revenue and an organisation representing accountants has suggested New Zealand needs a rethink of its tax settings. Money correspondent Susan Edmunds spoke to Corin Dann.

There appears to be a feeling we don't like the fact that banks make money. Inland Revenue's digging into the tax settings being applied to banks at the Government's request - as it seeks to ensure they're paying their fair share. But Massey University banking expert Claire Matthews told Heather du Plessis-Allen she believes it's motivated by a general bad attitude towards banks. She claims the Government's looking to take more money off them, as they're perceived as big organizations that make a lot of money. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Positive signs when it comes to consumer arrears, but some businesses are still doing it tough. The latest Centrix data for June shows the number of people behind on payments is down on last year, for the fifth consecutive month in a row. At the same time company liquidations have risen 27% year-on-year. Chief Operating Officer Monika Lacey says that's partly due to increased enforcement, after a softer approach from credit providers during Covid. She says Inland Revenue is among those businesses which is now taking a normal approach again, and that's having an impact. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Officials from Inland Revenue and Treasury have told the Government there is no proper evidence that hundreds of millions of dollars of subsidies to some of our biggest carbon polluters are needed. Climate Change Correspondent Eloise Gibson reports.

Inland Revenue took a softer line with debt of all kinds through the Covid years, but now it's coming down hard on those who owe it money. One tax expert says there's a looming problem with GST in particular, and some companies are in a situation they can't come back from already, even though their other creditors may not know it. Money correspondent Susan Edmunds has more.