Cash jobs cost Govt $800m a year

Drive 20/04/2018

New research from Victoria University and IRD has revealed New Zealand is missing out on about $800 million in its annual tax take due to the country's self-employed under-reporting their income by about 20 percent.

Inland Revenue has targeted cash jobs more thoroughly in recent years, with some success, 25 percent of tradies say they would take a cash job, down from 34 percent in 2011.

To talk about why cash jobs are a problem Ryan Bridge and Lisa Owen speak with tax specialist Terry Baucher.

Listen to the full interview with Terry Baucherabove.

Drive with Ryan Bridge and Lisa Owen, 3pm - 6pm Weekdays and streaming live on 'rova' channel 9 - available on Android and iPhone.