My God. The January Crown Accounts had a $600 million error in them. IRD failed to update the provisional tax take, which is why tax revenue was around $700 million below forecast.
Vernon Small blogs that Cullen is furious. I would be also. This is not a minor error. And the fact that the tax figures were below forecast for the first time ever, is all the more reason why it should have been triple-checked.Tags: Crown Accounts, fuck-ups, IRD, Michael Cullen, Vernon Small