NZ tax take short by $800M a year on under-reporting by self-employed, IRD says

Thu, 19 Apr 2018

By Paul McBeth April 20 (BusinessDesk) - New Zealand is missing out on about $800 million in its annual tax take due to the country's self-employed under-reporting their income by about 20 percent, according to the Inland Revenue Department. Research by Victoria University and the government's tax authority estimates New Zealand's self-employed, which account for 12 percent of the workforce, on average under-report their income by a fifth. The paper, by IRD's Ana Cabral and Victoria University's Norman Gemmell, focused on the self-employ...

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