2010 National Business Review’s annual Rich List will be published on July 30. There is a little change in the selection procedure of the listers. As Inland Revenue (IRD) is targeting to meet its tax standards and keeping a check on those who avoid taxes, so the rich listers will be ranked according to the amount of taxes they evaded.

The NBR Rich will list those taxpayers, who have$50 million of assets. Their ranks will be based on the amount of taxes they avoided or evaded. Such a change has been made to help IRD in its aim.

IRD has provided the IRD’s new compliance focus for 2010-2011, in which the financial status of the millionaires has been revealed along with their risk profiling. It also provided detailed information to taxpayers and auditors regarding scope of tax planning and audit activity.

Aaron Quintal, Tax director said, “While you can’t fault that logic, the important point will be how fair and robust that ranking process will be and what rights the taxpayer has to object to their rating as a high risk individual”.

This would help in reducing the tax audits and will save time. But at the same time, it would earn less for Ernst & Young.

IRD wants to keep a check on people, who conceal their tax-paying money by investing in Companies or trusts or using other techniques.