Inland Revenue's cracking down on unpaid tax bills. 

It's been allocated an extra $35 million in Budget 25 to boost its tax compliance and collection activities. 

The tax department expects to return an additional $4 for every dollar in the first year, and $8 in year two. 

IRD Commissioner Peter Mersi told Mike Hosking it's hard to estimate how much tax is owed across the board. 

He says they don't really know the size of the gap, but believes it's around $9 billion. 

LISTEN ABOVE 

Inland Revenue's cracking down on unpaid tax bills.&nbsp;
It's been allocated an extra $35 million in Budget 25 to boost its tax compliance and collection activities.&nbsp;
The tax department expects to return an additional $4 for every dollar in the first year, and $8 in year two.&nbsp;
IRD Commissioner Peter Mersi told Mike Hosking it's hard to estimate how much tax is owed across the board.&nbsp;
He says they don't really know the size of the gap, but believes it's around $9 billion.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Peter Mersi: IRD Commissioner on the department cracking down on unpaid tax bills

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bda8a50d-b909-4b71-b30c-b2f301505f4b/transcript

A massive new power user could put extra pressure on the South Island’s electricity system. 

Datagrid has just received resource consent for a $3 billion, 78 thousand square metre data centre north of Invercargill. 

About 1,200 jobs will work on the construction and about 50 people will staff the facility. 

It will be the second-largest power user in the country behind the nearby Tiwai Aluminium Smelter. 

Auckland University computer science lecturer Ulrich Speidel told Mike Hosking it's going to shift the power balance in the South Island quite a bit. 

He says in terms of power use, that’s about 70% of what Christchurch consumes, and you can’t just add major power users without eventually running into generation limits. 

LISTEN ABOVE 

A massive new power user could put extra pressure on the South Island’s electricity system.&nbsp;
Datagrid has just received resource consent for a $3 billion, 78 thousand square metre data centre north of Invercargill.&nbsp;
About 1,200 jobs will work on the construction and about 50 people will staff the facility.&nbsp;
It will be the second-largest power user in the country behind the nearby Tiwai Aluminium Smelter.&nbsp;
Auckland University computer science lecturer Ulrich Speidel told Mike Hosking it's going to shift the power balance in the South Island quite a bit.&nbsp;
He says in terms of power use, that’s about 70% of what Christchurch consumes, and you can’t just add major power users without eventually running into generation limits.&nbsp;
LISTEN ABOVE&nbsp;

Ulrich Speidel: Auckland University computer science lecturer on the impact of Datagrid's South Island data centre getting a greenlight

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5e4ddfa1-fa3e-4cd5-b390-b40b0143ff86/transcript

A tourism surge is putting pressure on Christchurch’s hotel capacity. 

Hotels reached 96.4% occupancy last month – the highest February in a decade, and well above the national average. 

ChristchurchNZ credits events like the Electric Avenue music festival and increased airline capacity. 

Head of Destination Kath Low told Mike Hosking more hotels are needed, with several developments in the pipeline. 

She says a Sheraton Hotel is opening next year in the former Noah's Hotel building, which will add 240 rooms. 

LISTEN ABOVE 

A tourism surge is putting pressure on Christchurch’s hotel capacity.&nbsp;
Hotels reached 96.4% occupancy last month – the highest February in a decade, and well above the national average.&nbsp;
ChristchurchNZ credits events like the Electric Avenue music festival and increased airline capacity.&nbsp;
Head of Destination Kath Low told Mike Hosking more hotels are needed, with several developments in the pipeline.&nbsp;
She says a Sheraton Hotel is opening next year in the former Noah's Hotel building, which will add 240 rooms.&nbsp;
LISTEN ABOVE&nbsp;

Kath Low: ChristchurchNZ Head of Destination on the increasing number of visitors staying in the city

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8eaca112-7521-474e-a7c2-b40b013f99ef/transcript

The Government admits its walking a fine line between being prepared and causing panic. 

It's considering a raft of possible measures like car-less days, limits on petrol sales, and the introduction of fuel coupons if oil prices continue to rise. 

Iran's threatening to keep the critical Strait of Hormuz closed for the foreseeable future. 

Nicola Willis told Mike Hosking New Zealand's still in a good place right now, with a secure 50-day fuel supply. 

She says they're proactive in case the situation changes, further down the track. 

LISTEN ABOVE  

The Government admits its walking a fine line between being prepared and causing panic.&nbsp;
It's considering a raft of possible measures like car-less days, limits on petrol sales, and the introduction of fuel coupons if oil prices continue to rise.&nbsp;
Iran's threatening to keep the critical Strait of Hormuz closed for the foreseeable future.&nbsp;
Nicola Willis told Mike Hosking New Zealand's still in a good place right now, with a secure 50-day fuel supply.&nbsp;
She says they're proactive in case the situation changes, further down the track.&nbsp;
LISTEN ABOVE&nbsp;&nbsp;

Nicola Willis: Finance Minister on New Zealand's fuel supplies, next steps amid ongoing uncertainty

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4193b385-8b1e-40a0-9b8b-b40b013bd8b6/transcript

Peter Mersi: IRD Commissioner on the department cracking down on unpaid tax bills

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