New reports indicate over 9000 clubs, societies, trade associations and industry councils could be looking at a significant tax bill.

Inland Revenue has changed the way it interprets a law - and they're keen to crack down on businesses they believe are 'masquerading' as charities to reduce their taxes.

NZ Herald Wellington business editor Jenee Tibshraeny explains what this law change could mean going forward.

LISTEN ABOVE

New reports indicate over 9000 clubs, societies, trade associations and industry councils could be looking at a significant tax bill.
Inland Revenue has changed the way it interprets a law - and they're keen to crack down on businesses they believe are 'masquerading' as charities to reduce their taxes.
NZ Herald Wellington business editor Jenee Tibshraeny explains what this law change could mean going forward.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jenee Tibshraeny: NZ Herald Wellington business editor on thousands of clubs, societies, trade associations and industry councils facing a significant tax bill

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5f543824-fa30-4a61-920a-b290006caec5/transcript