Want to create an interactive transcript for this episode?
Podcast: Keep The Change
Episode: Money Mail 257 - Liquidation: How Some Businesses Delete IRD Debt Without Paying
Description: I read an article recently about a company who owed over half a million dollars to the IRD and was now unable to pay. I checked the companies office, which is a register of all companies in NZ, and this company has been put into liquidation by one of the shareholders. Days later the same shareholders and directors had a new company under a different name and that would start with $0 in tax owing to the IRD. Say what? How dos this work? Let's find out.Hey thanks for listening! Please take some form of action...