The Government is set to cut billions of dollars from spending at the upcoming budget as a cost-saving measure in these tight financial conditions.

But what if there was a way to raise more revenue from existing industries?

Analysis from the Herald has looked at the ‘black market’ or the informal economy – the industries dominated by cash in hand methods of payment that pass by the tax system.

NZ Herald Head of Newsroom Data Chris Knox has run the numbers, and joins us today on The Front Page to talk through how much the country is missing out on.

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Richard Martin
Producer: Ethan Sills

The Government is set to cut billions of dollars from spending at the upcoming budget as a cost-saving measure in these tight financial conditions.
But what if there was a way to raise more revenue from existing industries?
Analysis from the Herald has looked at the &lsquo;black market&rsquo; or the informal economy &ndash; the industries dominated by cash in hand methods of payment that pass by the tax system.
NZ Herald Head of Newsroom Data Chris Knox has run the numbers, and joins us today on The Front Page to talk through how much the country is missing out on.
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Richard Martin Producer: Ethan Sills

Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future.

Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. 

Subscribe now so you never miss an episode.

Go beyond the headlines with The Front Page, the New Zealand Herald&rsquo;s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what&rsquo;s happening in our own backyard to global events shaping our future.
Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture.&nbsp;
Subscribe now so you never miss an episode.

Every day, The Front Page takes you behind the scenes of the biggest story from the New Zealand Herald. Hosted by Damien Venuto

The Front Page

Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news analysis podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. Subscribe now so you never miss an episode.

Go beyond the headlines with The Front Page, the New Zealand Herald&rsquo;s daily news analysis podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what&rsquo;s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture. Subscribe now so you never miss an episode.

Gangs to tradies - How big is our 'informal economy' and how much tax are we missing out on?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bcf3bded-eef9-4a30-bfc5-b2d8002e096d/transcript