There’s an interesting article on Stuff about the IRD investigating tax avoidance and evasion arrangements of the righ:
Tax evasion is like pornography, says Julie Segedin, tax manager at Beattie Rickman. “You may not be able to define it very easily, but you know when you see it.”
And just like pornography, it’s almost impossible to find people who will talk openly about using it.
But the wealthy, who are under suspicion of doing their utmost to pay as little tax as they can, are not finding things as easy as they once did, tax experts say.
The IRD’s high wealth individuals unit, which has netted over $36 million in avoided taxes, has powered up and is in the process of writing to 105 New Zealanders with over $50 million in assets, telling them they are being closely watched.