Half a million Kiwis owe the IRD as tax debt grows to nearly $10b
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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.
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