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High Wealth Individuals Unit Nets $81 Million

December 4, 2009 New Zealand Taxation

The actions of the New Zealand Inland Revenue Department's (IRD) High Wealth Individuals Unit (HWIU) recovered an additional NZ$81 million in tax revenue, for the year ending June 30th, 2009. Initiated in 2003, the HWIU investigates those who own or are in the control of wealth in excess of NZ$50 million. Currently an estimated 250 such individuals in New Zealand.Read More