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Dunne Welcomes NZ Evasion Crackdown Revenue Take

by Mary Swire, Tax-News.com, Hong Kong

18 April 2013


New Zealand's Inland Revenue has clawed back nearly NZD200m (USD169.4m) through the pursuit of allegedly evaded taxes in the past two years.

Newly released figures show that in the two years to June, 2012, Inland Revenue concluded 1,170 evasion cases. In the twelve months to June, 2011, NZD115.4m in undeclared taxes were recouped, with 657 cases resolved. In the second half of the period, 513 cases were successfully dealt with, generating an additional NZD82.6m in revenue.

The figures were welcomed by Revenue Minister Peter Dunne, who used them to refute opposition claims that the Government is soft on tax evasion. He said: "New Zealanders want fairness. They want beneficiaries to receive what they need when they need it, and they want people to pay their fair share of tax – not a cent more, not a cent less. This Government is clearly making that happen on both fronts."

Budget 2012 provided Inland Revenue with an extra NZD78.4m over the next four years, to aid in its tax compliance activities. This came on top of the NZD119.3m earmarked in the 2010 Budget. "We are getting a very successful return on that investment," Dunne argued.

TAGS: compliance | tax | tax compliance | tax avoidance | law | New Zealand | revenue statistics

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