Robyn Walker: Deloitte Tax Partner on over half a million Kiwis owing the IRD with tax debt growing to $9.4 billion

Tax debt has surged by billions since Covid, with more than half a million New Zealanders now owing Inland Revenue.  A report dating to March shows we collectively owe $9.4 billion, up from $5.8 billion in June 2023.  The increase is thought to be linked to the Government's focus on keeping businesses afloat during Covid.  Deloitte tax partner Robyn Walker told Ryan Bridge only $6.2 billion of that is actual tax.  She says the rest of it is interest and penalties, which are adding to the debt.  LISTEN ABOVE  See omnystudio.com/listener for privacy information.