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

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

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  Speaker 1: You're listening to a podcast from News Talk z'b follow
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  Speaker 2: Liquidations are up nineteen percent year on year, according to
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  Speaker 2: new data from Centrics. Liquidations a rising across most of
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  Speaker 2: the regions. In Auckland spiked sharply in the second quarter
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  Speaker 2: of this year. Auckland Business Chamber CEO Simon Bridges is
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  Speaker 2: with us.
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  Speaker 3: Now Hey, Simon, Hey, get a Heather.
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  Speaker 2: Does that mean Auckland has been the hardest hit?
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  Speaker 3: Oh? I think it probably does. And I think you
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  Speaker 3: know what's very interesting to me and talking of some
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  Speaker 3: liquid ators about this today is just a massive sea
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  Speaker 3: sawing actually from my id so from hugely lenient letting
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  Speaker 3: everything go in COVID to probably the staunchest enforcement around
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  Speaker 3: GSTNPA wias that we've seen the very long time. Is
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  Speaker 3: but like the that the RPN zed's ocr story if
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  Speaker 3: you like very light, very dubbish, then hugely hawkish.
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  Speaker 1: And start doing this.
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  Speaker 3: At the start of this year is the feedback and
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  Speaker 3: the clear majority of the liquidations are by our ird.
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  Speaker 3: If you want to contrast it with receiverships, where you're
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  Speaker 3: talking about fundamentally banks and finance companies. It's not it's
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  Speaker 3: a non statutory process. Really, they've been much more pragmatic,
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  Speaker 3: and consequently the numbers that we're seeing and know where
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  Speaker 3: near as many, and I suppose the banks are saying, well, actually,
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  Speaker 3: if if we can hold off doing this and the
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  Speaker 3: business survives, I'd rather have seventy percent of something than
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  Speaker 3: destroy the value of the company. So I think there
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  Speaker 3: is there's a bit of a question here do we
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  Speaker 3: need to see us somewhat more pragmatic ird rather than
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  Speaker 3: this massive sea sawing.
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  Speaker 2: What do you put that down to? Is this Nicola
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  Speaker 2: willis telling them to chase the tax dollars.
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  Speaker 3: Well, funnily enough, I was with her today and we're
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  Speaker 3: talking to business and taking the pulse. I don't think
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  Speaker 3: so this came up at a level. I think it's
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  Speaker 3: probably a movement from COVID settings where they kind of,
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  Speaker 3: like the RB and Z say, realize they overdid it
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  Speaker 3: one way and they're coming back and hard the other way.
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  Speaker 3: But I think my message would be, you know what, actually,
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  Speaker 3: take a bit of pragmatism here. A business that over
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  Speaker 3: time has earned a few more dollars then it's spent
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  Speaker 3: as a business worth having in New Zealand and it's
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  Speaker 3: been tough, but they can come back and they can
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  Speaker 3: be productive businesses in Auckland and around New Zealand.
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  Speaker 2: Really interesting take on that, Simon. Thank you for that
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  Speaker 2: insight that, Simon Bridge's CEO of Auckland Business Chamber.
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