The rich are now using their private snob schools to cheat on their taxes:
Inland Revenue has issued a Revenue Alert regarding payments being made to a small number of private schools and private childcare centres. The payments are being re-characterised as donations to charitable trusts, enabling people to make false claims for donations tax credits.
This issue applies to a very small number of private schools and private early childhood care/education facilities, Inland Revenue Group Tax Counsel, Graham Tubb said today.
Sadly, IRD does not name the schools and childcare centres which are encouraging parents to do this. They should, so they can get the reputation they deserve.
