The NZ Treasury has recently released a cabinet paper entitled ‘Extending investment in Inland Revenue’s investigation and collection activities’, tabled by the Minister of Revenue as part of a package of pre-2015 Budget decision making documents.
The paper provides information on the Inland Revenue's current audit and enforcement activities and the background to a planned allocation of NZ$74 million additional funding for these activities.
This article outlines the three main focus areas for this new funding.
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This article originally appeared in the September 2015 edition of the International Tax Review.