You do not have to tell the IRD what you are doing. Normally they won't ask, but naturally you must report your income. If you don't they will uncover all your activities in an investigation.
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Hi ElZorro, I do fill out an IR 10 form, I do know my tax obligations. But even then I do not tell them what I do. For all they know my Sales might be from pimping my body to willing and paying clients, or the income comes from sales of illicit substances. All they see is that there is a multiple activity indicator yes or no, and the $$ amounts of income and expenses. I do not do the balance sheet part and have not been queried on that to date.
You have to declare an industy (ANZSIC) classification to IRD which it gives to Statistics NZ and if you change your predominant industry they get that info within a year.
Mike Joy was just on TV, giving his take on the freshwater report out yesterday, and dispelling some myths.
Yes, rivers flowing through urban areas are more polluted generally than others, but the length of waterways in that category is only 0.8%, whereas 40% of waterways by length are passing through farming areas. In particular for nitrogen concentrations in waterways, high levels are strongly associated with dairying areas. So while we can expect the farming lobby to point to urban areas, at least almost all of urban sewage is treated, unlike the vastly bigger amount of cow poop that is dropped in paddocks, which has the ultimate potential to enter waterways on many farms. There is no easy solution in sight.
Yep gave them that about 15 years ago. That is a one off. They still do not know what I do. Just what industry I operate in. It could be ElZorro that the enterprise surveys are only given to limited liability companies? Just anecdata, I process a few annual accounts for close friends and family and the only one that ever had to fill one in was my father.. but only when he changed from being a sole trader to operating under a LTD umbrella. But its possible that sole traders are also targeted with these. Maybe you get targeted as you are on the 5eyes activist base for being a Labour supporter? :)
The current government has let housing unaffordability worsen. So - if National wins again will they introduce policies to enable those people, who may now locked out of owning their own homes at least for some years, to accumulate investments for their retirement with similar tax efficiency to home ownership? Other countries have retirment and other investment schemes that go some way towards this. Kiwisaver is a very small step in that direction.
Retirement - can you afford it without a house?
http://www.nzherald.co.nz/personal-f...ectid=11846078
Brian Fallow: Time to end the tax experiment, to ease property pressure?
http://www.nzherald.co.nz/business/n...ectid=11841296
Blackcap, I see you've had to recant, the govt knows what industry you're in, that's enough for the broad stats to be completed.. I sometimes have to do two surveys as I'm on the radar for R&D as well. But I don't think I'd be any further up on the watch, pretty low profile really.
Here's an interesting chart, something else immigration appears to be strongly linked to.
Latest Joyce announcement not all it seems.
So Willie Jackson managed to get Labour into a "crisis" before he even got on the list. Little must be well pleased with himself for headhunting this troublemaker !!