Latest fromInland Revenue

Bridgecorp investors close to receiving first payout
Beleaguered Bridgecorp investors could soon get their first distribution from the failed property lender's receivers, nearly four years after the company collapsed.

<i>Bernard Hickey:</i> Havens for rich tax avoiders will cripple NZ
Avoiding and minimising tax is almost a national sport...

<i>Damien Grant:</i> Trusts industry a costly sham
Lawyers sell trusts for the same reason McDonald's sells fries.

Tax man leaves sour taste
The owner of a Chinese restaurant felt like committing suicide after the Inland Revenue Department demanded she produce more than 20 years of tax records.

Clampdown on tax credits as changes kick in
Thousands of households could lose their eligibility for Working for Families tax credits from tomorrow, but companies and beneficiaries stand to gain as a raft of regulatory changes across government departments kicks in.

'Archaic' gift duty on its way out
An age-old cat-and-mouse game between trusts and the Inland Revenue Department looks set to end with the abolition of gift duty on October 1.

<i>Inside Money :</i> As KiwiSavers holiday, Tower goes out to play
I haven't seen any research on the reasons why people are choosing to take some time off KiwiSaving but I reckon the answers would be obvious.

Insolvency - Kill or cure?
They're our corporate doctors. But do receivers and liquidators deliver the right medicine, or just bleed the patient dry? Karyn Scherer reports.