|Tackling tax dodgers|
Last year compliance activity for "hidden economy" tax evasion gave a return of $45 million, $5.60 for every dollar spent. For non-compliance through property speculation, $53.8 million worth of discrepancies were found, a return of $8.42 for every dollar invested.
Our opponents claim that we are obsessed with welfare fraud while do nothing about tax dodging. The facts say otherwise. Spending on Welfare Fraud has remained at exactly the same level as it was under the last Government, around $35 million a year, yet the management of debt and outstanding returns by IRD has gone up from $88 million to $125 million in Budget 2013. In 2013 the IRD collected around $4 billion worth of debt and outstanding returns.