Simon Bridges: Auckland Chamber of Commerce CEO blames IRD methods for uptick in business closures
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Inland Revenue is being asked not to seesaw on its stance, with rising liquidations across the country.
Centrix's July figures reveal business liquidations are up 19 percent overall year-on-year.
They sparked spiked sharply in Auckland in the second quarter, up 33 percent annually.
Auckland Chamber of Commerce CEO Simon Bridges says he thinks IR's hard-line approach is behind a majority of closures.
"I think it's probably a movement from Covid settings, where, like the RBNZ, they realised they overdid it one way and they came back in hard on the other way."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.