Latest fromInland Revenue

Woman steals $750k from employer
A Waikato woman has admitted stealing $750,000 from her employer over five years.

IRD owed $7m by Graeme Hart's UCI
The IRD is among creditors owed money by Graeme Hart's UCI Holdings, the autoparts business that filed for bankruptcy.

Loan debt shame: I can't come home
Kiwi living in Australia took out a $6500 loan 21 years ago. She now owes $30,000 and is too terrified to come home.

Company director facing jail for $500k fraud
Steven Morrow is behind bars pending sentencing after pleading guilty to 40 tax fraud charges.

Panama Papers: IRD to act
The IRD has set up a team to sift through documents about foreign-owned trusts from the Panama Papers.

Editorial: PM to blame for sloppy trust affair
When the PM's personal lawyer approached him about a report in the Herald that Inland Revenue was changing its attitude to foreign trust funds, John Key says he told him to "go and see the [revenue] minister".

$52.5m sent offshore, just $59k tax paid
The New Zealand branch of the pharmaceutical giant Pfizer sent tens of millions offshore while paying virtually no tax.

Masala owners fight police property freeze
27 properties - some worth nearly $3m owned by those linked to the Masala restaurant chain will stay frozen.

Tide going out on tax secrecy
Government announcements on pay-as-you-go rules and greater IRD disclosure powers welcomed by experts.

IRD to get new power to share tax secrets
New tax rules might be more convenient for small business, but IRD is getting new powers to share tax details with others.

Hunt for Kiwis linked to Panama scandal
Inland Revenue is trying to get information on New Zealanders who have dealt with Panamanian law firm Mossack Fonseca.

Student loan arrest: Repayments up
The border arrest of a man over his student-loan debt has contributed to a surge in repayments, Inland Revenue says.

Are executive incentives too generous?
Executive incentive schemes aim to boost company performance. But is it too easy for top bosses to get a reward?

Craig Elliffe: Others' tax tactics worth a look for NZ
International tax issues are bubbling away again with the recent revelation from the NZ Herald that multinationals operating in NZ pay just $1.8 million of tax on revenue of $10 billion.

Inland Revenue to cut 1500 jobs
Inland Revenue is set to cut 1500 jobs between 2018 and 2021.

Tax share agreements to extend to spies
New Zealand's intelligence agencies would be able to access individuals' tax information if parliament backs the recent review carried out by Michael Cullen and Patsy Reddy.

Shine comes off gold ownership
Kiwis who make a profit after selling gold or silver bullion should pay tax on it according to the Inland Revenue Department.

Rodney Hide: Kiwi Big Brother is watching you
The Government mostly needs no warrant and companies hand over information even if not legally obligated to do so, writes Rodney Hide.

Erceg brother's quest hits a brick wall
Bid to uncover liquor magnate's trust records is dealt another blow.

10 rack up $3m in loans for study
Worried about the size of your student loan? The top 10 borrowers each owes more than $300,000, new figures supplied to the Herald reveal.

Masala: From hot food, to frozen assets
Thirty three properties across Auckland are tied up in a $34m asset freeze - New Zealand's biggest such case.

Editorial: Plenty worse tax dodgers than tradies
Crackdown on cash jobs is welcome, but IRD should not forget corporate big fish.

Crackdown on cash jobs
Inland Revenue is cracking down on the black economy after many tradies admitted knowing of cash jobs worth more than $20,000.

IRD travel bill balloons 38%
The tax department's international travel bill has ballooned by more than $420,000 in a single year - an increase of 38 per cent.

IRD cheats rip off nearly $11m
Inland Revenue Department prosecuted fewer people in 2015 than the year before, but the value of the frauds was bigger.

Tax evaders living the high life
A couple convicted of fleecing almost $1 million from the taxpayer between them by not paying GST are still living a life of luxury.

Kiwis flying home could be arrested
Defaulted on your student loan before heading overseas? Then the Inland Revenue has a Christmas message for you.