tax compliance tagged posts

Home Detention for $1 Million Tax Evader

November 23, 2015 New Zealand Taxation

A director of two security companies in Wellington has been found guilty of dodging taxes of almost a million dollars.

Last week the Wellington District Court a serial tax offender was sentenced to eight months home detention.

Paul Cornel Coffey, a director of two security companies, was found guilty of 79 tax offenses, including failing to file GST returns and failing to pass on his employees PAYE contributions.

It was noted that Paul Coffey failed to pay approximately NZD 900 thousand in taxes over the course of three and a half years, with the amount rising to NZD 1.5 million after accounting for interest and penalties.

Along with the 8 months home detention, Paul Coffey also was sentenced to pay NZD 20 000 in reparations and to serve 280 hours in community service.

The Inland Revenues...

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Tradies Changing Attitudes on Cash Jobs

October 1, 2015 New Zealand Taxation

Over the last three years an increasing number of tradies have come to realize that under-the-table cash jobs are tax evasion.

Tradespeople in New Zealand are taking onboard the message that they should not do cash jobs and skip out on paying their taxes, according to a new statement released on September 30th by the Inland Revenue Department.

In its statement the IRD claimed that the results of a survey carried out on over 400 tradespeople earlier this year showed that approximately 80 percent of respondents believed that they would be caught if they cheated on their taxes by accepting cash jobs.

The survey followed a trial advertising campaign run in April by the IRD which reminded tradespepople that not declaring incomes and accepting under-the-table work is a crime.

It was also sho...

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Home Detention for $40k of GST Fraud

September 18, 2015 New Zealand Taxation

Home detention has been passed as a sentence to a man who falsely used another person IRD details to claim over NZD 40 thousand in GST refunds.

On September 16th the Inland Revenue Department issued a statement saying that a former Kaitaia man has been sentenced to 10 months home detention and ordered to pay reparations of NZD 26 980 for obtaining false GST refunds worth a total of NZD 43 075.

Over the course of two years, Bruce William Pawson used the login details of his ex-de facto partner to claim false GST returns, while forging documentation to support these fake claims.

The false claims were all related to an alleged business which was involved in stud cattle breeding.

Commenting on the sentencing, the Inland Revenue’s Group Manager Investigations and Advice Patrick Goggin said th...

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Facebook Must Pay More Tax, Or be Banned

January 29, 2014 New Zealand Taxation

FacebookFacebook needs to pay more tax, or face the possibility of a ban from New Zealand, according to a Labour Party spokesperson.

In a television interview on January 29th the revenue spokesperson for the Labour Party David Clark indicated that the government should reserve the power to ban access to the social media website Facebook, if the global social network does not pay more tax on earnings derived in New Zealand.

According to David Clark, the ability to ban a website such as Facebook should be an ability reserved and held by the government as a “credible threat” in cases of non-compliance.

The Labour Party has previously criticized Facebook several times, claiming that the global giant does not pay enough taxes in New Zealand, pointing out that in recent years the business has raised...

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