CTU Affiliated Union TUIA gets $63,898.00 IRD hand out

The Owl reported back in October 2012 that TUIA Union made a voluntary disclosure that they had a $70,000.00 withholding tax issue with the IRD.

The Owl always support entities who make a voluntary disclosure – means the leaders have good governance.

Well done TUIA for their disclosure but read my Observation.

For the record and as per their 2013 accounts just filed the following settlement with the IRD was as follows. (Page 6 of the accounts)

TUIA

GST write off $22,559.00

PAYE write off $93,097.00

Less

Interest IRD  ($47,039.00)

IRD penalities ($4,719.00)

Net Surplus to TUIA Union $63,898.00 (banked to equity)

Observation by the Owl

TUIA union has $118,494.00 in the bank.

Why wasn’t this deal struck?

Pay GST $22,559.00

Pay PAYE $93,097.00

Total $115,656.00

Balance left over $2,838.00 – I mean the $118,494.00 in the bank is as far as the Owl can see is the PAYE and GST collected which should have been paid.

So based on this deal all businesses in NZ should not pay GST and PAYE and keep the money in the bank.

Have I got this sooooooooooooo terribly wrong?


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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