Inland Revenue has collected more than $207 million in repayments since July last year from student loan borrowers living overseas in the past 9 months.

This is a 43 percent increase on the same period from the previous year.

Currently, 71 percent of overseas student loan borrowers are in default - and together, they owe about $2.3 billion in loans, penalties and interest.

Deloitte tax partner Robyn Walker explains why the IRD is so invested in getting these repayments back.

LISTEN ABOVE

Inland Revenue has collected more than $207 million in repayments since July last year from student loan borrowers living overseas in the past 9 months.
This is a 43 percent increase on the same period from the previous year.
Currently, 71 percent of overseas student loan borrowers are in default - and together, they owe about $2.3 billion in loans, penalties and interest.
Deloitte tax partner Robyn Walker explains why the IRD is so invested in getting these repayments back.
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

Robyn Walker: Deloitte tax partner on the IRD cracking down on overseas student loan borrowers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7a40d362-f745-47f8-80e9-b2dc0080dd4b/transcript

2-1 down in the Rugby's Greatest Rivalry series flying to Baltimore across the aisle from the Springboks isn't exactly how the All Blacks wanted to head into their fourth matchup.

The Kiwi side is down a few key players, with Ardie Savea, Quinn Tupaea and Luke Jacobson out of commission following some injuries.

Weekend Sport host Jason Pine speculated about the kinds of changes the team could make following the big match. 

LISTEN ABOVE

2-1 down in the Rugby's Greatest Rivalry series flying to Baltimore across the aisle from the Springboks isn't exactly how the All Blacks wanted to head into their fourth matchup.
The Kiwi side is down a few key players, with Ardie Savea, Quinn Tupaea and Luke Jacobson out of commission following some injuries.
Weekend Sport host Jason Pine speculated about the kinds of changes the team could make following the big match.&nbsp;
LISTEN ABOVE

Jason Pine: Weekend Sport host on the changes the All Blacks could make ahead of Springboks clash in Baltimore

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/228d5df1-6914-44d7-b11b-b4c100504d4d/transcript

Kiwi brewers have voiced frustration with Australia's excise tax break for their brewers - and claimed it gives them benefits that New Zealand companies can't get.

This means New Zealand-produced beer is taxed more than its Australian counterpart, and this dispute between the trans-Tasman partners has been a point of contention for over a decade.

Garage Project co-founder Jos Ruffell says their brewery has had to pay $2.5 million worth of tax in Australia because of this, and this should have been resolved earlier.

"MFAT's looked into this, it's a clear breach of CER and we've had some really encouraging news in the last week where Minister McClay has actually now raised this openly with his Australian counterpart, and he's acknowledged that there is a precedent with wine." 

LISTEN ABOVE

Kiwi brewers have voiced frustration with Australia's excise tax break for their brewers - and claimed it gives them benefits that New Zealand companies can't get.
This means New Zealand-produced beer is taxed more than its Australian counterpart, and this dispute between the trans-Tasman partners has been a point of contention for over a decade.
Garage Project co-founder Jos Ruffell says their brewery has had to pay $2.5 million worth of tax in Australia because of this, and this should have been resolved earlier.
"MFAT's looked into this, it's a clear breach of CER and we've had some really encouraging news in the last week where Minister McClay has actually now raised this openly with his Australian counterpart, and he's acknowledged that there is a precedent with wine."&nbsp;
LISTEN ABOVE

Jos Ruffell: Garage Project co-founder on how the Australian excise tax break impacts Kiwi brewers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2166ddb5-6c0c-4a3b-ab65-b4c1004dd3cd/transcript

The UK has moved to the imports of goods from Israeli settlements in the illegally occupied West Bank.

France, Canada and Spain are among the 12 countries imposing similar sanctions - but Australia and New Zealand haven't followed suit as of yet. 

UK correspondent Gavin Grey says the Government is being quite tough on this situation, with Foreign Secretary Ed Miliband using 'extraordinary' languages about the matter.

LISTEN ABOVE

The UK has moved to the imports of goods from Israeli settlements in the illegally occupied West Bank.
France, Canada and Spain are among the 12 countries imposing similar sanctions - but Australia and New Zealand haven't followed suit as of yet.&nbsp;
UK correspondent Gavin Grey says the Government is being quite tough on this situation, with Foreign Secretary Ed Miliband using 'extraordinary' languages about the matter.
LISTEN ABOVE

Gavin Grey: UK correspondent on the UK announcing sanctions on West Bank settlements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/036a5fce-226a-4907-8feb-b4c00083f889/transcript

Robyn Walker: Deloitte tax partner on the IRD cracking down on overseas student loan borrowers

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