Treasury, IRD investigating unexpectedly high tax take in April accounts

Wed, 05 Jun 2019

By Paul McBeth June 6 (BusinessDesk) - The Treasury and Inland Revenue Department are looking into why the government's April financial statements showed the 10-month tax-take running $2.25 billion ahead of the budget forecasts, just one week after they were publicly released. The government collected $71.07 billion in core taxes in the 10 months ended April 30, up from $65.3 billion a year earlier, and tracking ahead of the May budget estimate of $68.82 billion. The higher tax take has the operating balance before gains and losses in su...

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