Simon Bridges: Auckland Chamber of Commerce CEO blames IRD methods for uptick in business closures

Heather du Plessis-Allan Drive

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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."

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