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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/19636674-23ff-4149-aefc-b290006cafcb/transcript