debt

Creditors get more protection from indebted businesses

Tuesday, September 26th, 2017

A threshold for reportable tax debt is now in effect, giving creditors greater protection from businesses owing debts of more than $150,000. The IRD is now allowed to disclose to certain credit reporting agencies, information about companies with significant tax debt. An Order in Council set a threshold of $150,000, so a company’s tax debt…

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