Gisborne liquidations: Accountancy body suggests law change to prevent tax debt

Multimedia Journalist·Gisborne Herald·13 Aug, 2026 05:00 AM5 mins to read‌John Cuthbertson, tax leader for Chartered Accountants Australia and NZ (CAANZ), called tax debt a “persistent structural issue that is enabled by the current legislation”. Photo / CAANZAs liquidations creep up in Gisborne and nationwide, the national body for chartered accountants is proposing a legislative change to prevent more businesses from collapsing. The number of liquidations across New Zealand last year hit a 15-year high of 2867. The Inland Revenue Department (IRD) confirmed that, as of