Gangs to tradies - How big is our 'informal economy' and how much tax are we missing out on?
The Government is set to cut billions of dollars from spending at the upcoming budget as a cost-saving measure in these tight financial conditions.
But what if there was a way to raise more revenue from existing industries?
Analysis from the Herald has looked at the ‘black market’ or the informal economy – the industries dominated by cash in hand methods of payment that pass by the tax system.
NZ Herald Head of Newsroom Data Chris Knox has run the numbers, and joins us today on The Front Page to talk through how much the country is missing out on.
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The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.