Time’s up on tax secrecy

IRD and the all-seeing Eye of Sauron looking through the piggy banks. (Image: Getty)

Tue, 05 Nov 2024

The quaint world of taxation typically moves at a glacial pace, with highly complicated legislation requiring armies of policy boffins beavering away to deliver weighty tomes to preserve the integrity of the system. It makes sense – without robust revenue collection, governments would be out there with the begging bowl and waving signs proclaiming: “The end is nigh”. So major shifts bed in slowly then happen all at once. In that vein, if you cast your mind back almost a decade ago to when Todd McClay was revenue mini...

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