Business Scoop


The Nation: Emma Jolliff interviews Professor Marilyn Waring

Press Release – The Nation

Emma Jolliff: Leading economist and former National MP Professor Marilyn Waring first raised her concerns about inequality and economic measurement 30 years ago. Now, shes detailed her criticisms of Treasurys new framework to measure inter-generational … Read more »

CGT clarification shows Kiwisaver gains for lower earners

Press Release – Simplicity

Clarification on the benefits of increased Member Tax Credits has led Simplicity to revise its estimates. Simplicity interpreted the wording of the final report as meaning that a 75c tax credit for every $1 contributed would apply, up to the current … Read more »

Westpac not smarter than IMF:CGT will worsen affordability

Press Release – New Zealand Taxpayers’ Union

In contrast to the claims by Westpacs Chief Economist, the World Bank is right: capital gains taxes that exclude the family-home will encourage gold-plating of the housing market and drive up property prices, says the New Zealand Taxpayers Union. Read more »

Minority view on extending taxation of capital gains [21/2]

Press Release – BusinessNZ

Three of the eleven members of the Tax Working Group do not favour the Groups recommendations on capital gains tax. Read more »

Environment and Water Pollution Tax Proposals Welcomed

Press Release – Fish and Game New Zealand

Fish and Game is welcoming recommendations for environment, pollution and water extraction taxes, saying New Zealanders want change now. Read more »

Group delivers effective ways to neutrally broaden tax base

Press Release – Public Service Association

The final report of the Tax Working Group finally puts together a long overdue set of choices and options for the Government to act on to achieve a tax system that is fairer for all New Zealanders says the Public Services Association (PSA). Read more »

NZEI Te Riu Roa urges Government to implement CGT

Press Release – NZEI Te Riu Roa

NZEI Te Riu Roa welcomes today’s recommendation from the Tax Working Group for a capital gains tax and urges the Government to have the bravery to implement it. Read more »

Wellbeing budget work coming apart at the seams

Press Release – New Zealand National Party

The Treasury Cost Benefit Analysis tool used to assess budget bids contains a significant error meaning wildly different monetary values appear for the same item depending on which order the user chooses to sort the data into, Nationals Finance spokesperson … Read more »

Robertson’s ‘well-being’ budget to be delivered on May 30

Article – BusinessDesk

Feb. 13 (BusinessDesk) – Finance Minister Grant Robertson will deliver his first ‘well-being’ budget on May 30, which will focus on five areas he outlined in the December budget policy statement. Read more »

Fitch expects slower GDP growth than Treasury

Article – BusinessDesk

Jan. 14 (BusinessDesk) – New Zealands economy will likely grow at a slower pace than Treasury is forecasting due to weak business confidence and declining consumer confidence, according to Fitch Solutions Macro Research. Read more »

ACC fund for health and safety improvements needs targeting

Press Release – Employers And Manufacturers Association

The just-announced $22 million ACC fund to support the small-to-medium enterprise (SME) sector in reducing workplace injuries should help. However, it will need careful monitoring and targeting to ensure it brings about the hoped-for benefits, says the … Read more »

New Zealand Government – Mid-year budget supports sovereign

Press Release – Moody’s Investors Service

Moody’s: New Zealand Government – Mid-year budget supports sovereign credit profile (Aaa, stable outlook) Read more »

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