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5 Dec 2021 22:11
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  •   Home > News > Business

    Kiwis with a net worth of at least 20-million dollars will have to provide details of what they own, and what businesses they and their children are involved in

    Kiwis with a net worth of at least 20-million dollars will have to provide details of what they own, and what businesses they and their children are involved in

    21 October 2021
    Inland Revenue has started writing to 400 of them, and says it will ask their partners for the same information.

    It's part of a project about how much ultra-wealthy New Zealanders pay in tax, as a share of their economic wealth.

    Earlier this year, the Government released research claiming some rich Kiwis may pay an effective tax rate below even the lowest wage earners, because most of their wealth is tied up in assets.

    © 2021 Newstalk ZB, NZCity


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     Today's News

    Motorsports:
    Another Bathurst 1000 classic is in the books 21:53

    Law and Order:
    A homicide investigation in underway after the death of a teenager who was assaulted in Christchurch yesterday morning 21:13

    Health & Safety:
    Doctors push for children over five to be vaccinated before WA's hard border comes down 19:43

    Christchurch:
    Police have been at the scene of a serious crash on the Christchurch Southern Motorway in Rolleston 18:53

    Living & Travel:
    Alice Robinson's co-coach rates the Super G the hardest discipline to master on the World Cup ski circuit 18:33

    Politics:
    The National Party hopes to court voters lost at the last election 18:03

    Basketball:
    Breakers coach Dan Shamir is urging fans not to read too much into a heavy opening defeat to start the Australian basketball league 17:43

    Business:
    Emergency management is keeping a close eye on South Westland as heavy rain continues to fall across the area 17:33

    Motoring:
    State Highway 5 has been closed at Wairakei, in the Taupo District, following a serious crash near Palmer Mill Road 16:53

    Motorsports:
    Jamie Whincup has been inducted into the Supercars Hall of Fame before the start of the Bathurst 1000 16:13


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