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Brent Norling

👤 Speaker
496 total appearances

Appearances Over Time

Podcast Appearances

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

I think also, and you know, I don't really intend any disrespect to the good people at the IRD, although it might come across that way.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Look, when they've done a big hiring round to really bolster their enforcement team, there's a lot of inexperience in there now.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

And that inexperience means there's a diverse approach.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So one case officer, you might get a really

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

collaborative approach and you might have another case officer who is just a absolute battle-axe and wants to take a hard line.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So it's really hard sometimes to know

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

what approach you're going to get when there's no consistency.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

But also if you've dealt with someone who's a bit more of a battle axe, you're much more likely to keep your head in the sand.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

If you're dealing with someone who's actually been really constructive and collaborative with you, those people actually probably resolve it without the need to engage us.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Because their main goal, the IRD, is still to try and get that money back in, right?

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah, so they've got a statutory obligation to maximize the recovery of debt.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

And that's one of the things that I've got some issues with because sometimes you have a proposal which, you know, this company has nothing.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

It could be a services entity.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

There's no assets.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So if the IRD liquidates, you know, there's a couple of laptops and some desks to sell.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

But if the ID works with that taxpayer, quite often people will sell a house.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

You set up a company to have limited liability.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

People in these situations will often pierce that themselves and go and sell their personal assets to resolve it.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, so a good case officer at the ID would allow some time and negotiate with that taxpayer because ultimately they're going to get much more out of a, out of a proposal than they will out of a liquidation.