IRD sends some otherwise viable businesses to the wall: EY
“All of those penalties compound to around 27% or 28% per annum in the first year on the core tax” says EY's David Snell.
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Inland Revenue is driving some otherwise viable businesses to the wall through its current regime of charging both interest and penalties on unpaid taxes, says EY executive director David Snell.
As well, the tax department is building a probably fictitious asset of more than $6 billion in overdue
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Jenny Ruth
Mon, 20 Jul 2015
Mon, 20 Jul 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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IRD sends some otherwise viable businesses to the wall: EY
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