Business

Gisborne businesses owe $40m in tax as liquidations rise

Gisborne businesses are accumulating more than $40 million in unpaid tax as liquidations increase nationwide, prompting calls for legal reform.

Skinny McBuntu

Businesses in Gisborne are facing significant tax debt, with more than $40 million owed as liquidations rise across the country. An accountancy body has suggested changes to the law to address the issue and prevent further tax debt accumulation.

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NZ Herald

Gisborne liquidations: Accountancy body suggests law change to prevent tax debt

Gisborne businesses owe more than $40m in tax as liquidations rise nationwide.

Read the full story at NZ Herald