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tax audit

IRD to target Rich Listers

NBR Rich Listers are to be ranked according to their risk of dodging the taxman, as IRD steps up its scrutiny of tax compliance.

Taxpayers who control more than $50 million of assets will be ranked according to their likelihood for tax evasion or avoidance to help channel the IRD’s efforts in tax audit cases.

The risk profiling is detailed in the IRD’s new compliance focus for 2010-2011, outlining IRD’s spotlight on the hidden economy and debt and in the year ahead.

The 2010 NBR Rich List is published on Friday (July 30).