Geof Nightingale: independent tax expert on the IRD's plan to tax 9000 clubs, societies and not-for-profits

Around 9000 clubs, societies, trade associations, professional and regulatory bodies and industry councils are in line to possibly be slapped with a tax bill. Inland Revenue has changed its interpretation of the law, and now believes the subscriptions and levies members pay to some not-for-profit organisations should be taxed. Independent tax expert Geof Nightingale joined the Afternoons team to explain further. LISTEN ABOVESee omnystudio.com/listener for privacy information.