Directors who dodge their tax debts
Last year, Inland Revenue wrote off $694.5 million in company tax debt. Much will never be recovered because the companies that owed it no longer exist – at least not in their original form. Read more
Oliver is the Executive Director of The New Zealand Initiative. Before joining the Initiative, he was a Research Fellow at the Centre for Independent Studies in Sydney, the Chief Economist at the Policy Exchange in London, and an advisor in the UK House of Lords.
Oliver holds a master's degree in economics and business administration and a PhD in Law from Bochum University in Germany.
Oliver is available to comment on all of the Initiative’s research areas.
Phone: +64 4 499 0790
Last year, Inland Revenue wrote off $694.5 million in company tax debt. Much will never be recovered because the companies that owed it no longer exist – at least not in their original form. Read more
Every year, Inland Revenue writes off hundreds of millions in tax debt – $694.5 million last year alone. The money vanishes through the same predictable loopholes, exploited by the same cast of characters: directors who accumulate GST and PAYE debts, then walk away scot-free by abandoning their companies. Read more
In this episode, Eric talks to Oliver about a major loophole in New Zealand's tax system that allows some companies to accumulate PAYE and GST debts, stop filing, and effectively walk away — contributing to almost $7 billion in unpaid corporate taxes. They discuss Oliver's new research note, "Responsibility before ruin: A pre-emptive fix for NZ's phoenix problem", which examines how Germany prevents such debts from building up through automatic insolvency triggers. Read more
Walk through Wellington, and you will see plenty of empty shopfronts and shuttered cafes. Switch on the radio, and you will hear experts say this is the best time to buy a house in years. Read more
A new approach to director accountability could prevent hundreds of millions of dollars in tax debt from becoming unrecoverable by requiring directors to act early when financial distress emerges. The research note, 'Responsibility before ruin: A pre-emptive fix for NZ's phoenix problem', addresses companies that accumulate large tax debts before dissolving, sometimes only to restart under a new name. Read more
Dr Oliver Hartwich talked to Newstalk ZB on the corporate tax debt loophole that sees IRD writing off hundreds of millions of dollars annually due to the "Phoenix problem," where companies dissolve and reform under new names. Dr Hartwich highlighted Germany's solution, where directors face personal liability for tax debts if they fail to pay within 20 days or file for insolvency. Read more
Wellington (Tuesday, 2 December 2025) - A new approach to director accountability could prevent hundreds of millions of dollars in tax debt from becoming unrecoverable by requiring directors to act early when financial distress emerges, according to a research note from The New Zealand Initiative. The research note, 'Responsibility before ruin: A pre-emptive fix for NZ's phoenix problem', addresses companies that accumulate large tax debts before dissolving, sometimes only to restart under a new name. Read more
In this episode, Oliver talks to James Kierstead and Damien Grant about James's departure from New Zealand after 12 years, reflecting on his journey from academia to policy research and his observations of New Zealand's cultural and political shifts since 2013. They discuss the challenges facing New Zealand universities, including grade inflation and administrative bloat, alongside broader themes of democracy, academic freedom, and the tension between New Zealand's liberal traditions and parochial tendencies. Read more
It is strange to observe a nation act irrationally and against its own interests. Stranger still when that nation is your own. Read more
On Thursday, Ukrainian President Volodymyr Zelensky faces an impossible choice. Sign the “peace plan” drafted primarily by a New York real estate developer and a Moscow financier. Read more
Something peculiar is happening in New Zealand politics. Labour, routed just two years ago with their worst result since proportional representation began in 1996, has surged to 38 per cent in the latest political poll. Read more
Prime Minister Christopher Luxon this week opened the door to asset recycling. He suggested that the government could sell state-owned enterprises and commercial assets it no longer has any reason to own, to fund new infrastructure. Read more
Dr Oliver Hartwich spoke about the New Zealand Initiative's recent delegation trip to the Netherlands at a Dutch Business Association event, presenting the Initiative's report on how Dutch culture and pragmatism shape policy approaches. Dr Hartwich explained how the delegation's visit to Amsterdam's deregulation authority influenced the passing of New Zealand's regulatory standards bill, with Dutch officials describing the controversial legislation as "common sense". Read more
New Zealand can learn from Dutch pragmatism, competence and cooperation. Go Dutch: Learnings from The New Zealand Initiative's visit to the Netherlands follows the Initiative’s 2025 study tour of 42 business and civic leaders. Read more
Wellington (Thursday, 13 November 2025) - A new report from The New Zealand Initiative says New Zealand can learn from Dutch pragmatism, competence and cooperation. Go Dutch: Learnings from The New Zealand Initiative's visit to the Netherlands follows the Initiative’s 2025 study tour of 42 business and civic leaders. Read more