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Inland Revenue’s extensive powers of collection and its use of deduction notices

Inland Revenue’s extensive powers of collection and its use of deduction notices Triggering a dividend through misunderstanding tax implications of transaction Terminal tax payment options   Transcript As the recent story about the arrest of a student loan debtor at the border revealed, Inland Revenue has quite extensive powers to chase debt. One of the powers it […]

Tax payers, age band , New Zealand

Demographics will force tax changes

It’s well documented that high-income earners pay substantial amounts of income tax. According to Treasury estimates, 42% of the projected income tax payable for the year ended 31st March 2020 will be paid by those with annual income of over $100,000. That group is about 341,000 taxpayers or roughly 9% of all taxpayers. But how much tax […]

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