New Zealand Tax Office Puts Record Number of Companies Into Liquidation

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New Zealand Tax Office Puts Record Number of Companies Into Liquidation

A sign on a shop window indicates the store is closed. The Canadian Press/Adrian Wyld

Liquidations of New Zealand companies have increased significantly, despite positive lending trends and eased interest rates.

The latest Centrix Credit Indicator shows a year-on-year rise of 26 percent, driven by increased enforcement activity by the Inland Revenue Department (IRD).

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