In a sign of just how stressed our economy is:
IRD chasing employers failing to pay into KiwiSaver
Inland Revenue is chasing employers for unpaid KiwiSaver contributions worth tens of millions of dollars.
Figures obtained by RNZ showed that at the end of June, Inland Revenue was chasing 12,182 employers for $24.9 million in unpaid contributions and penalties.
Ok that’s bad.
The debt included $12.32m in employee contributions that were taken from workers’ salaries but never passed on to Inland Revenue, which administers the KiwiSaver scheme.
And that’s even worse. I/S at No Right Turn doesn’t mince words:
…These employers are stealing from their employees. There is no other way to describe it. Its their employees’ money, and the employers are not doing what they are supposed to with it. And that makes it an open-and-shut case of theft by a person in a special relationship, which carries a penalty of up to seven years imprisonment.
If these thieving employers don’t want to pay the money they owe, then IRD should pass their information on to police and have them prosecuted. Or do thieves get a pass if they wear suits?
I think this is more a sign of economic stress than deliberate theft, but either way it has to be fixed.