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Capital gains tax proposal sparks chorus of concerns

Business groups have pushed back against a Capital Gains Tax with a chorus of concerns ranging from the impact on productivity, the destruction of shareholder value, and flow-on to an already slumping property market. Matt Goodson,... Source: NZ Herald Business News

By | February 21st, 2019|Business|0 Comments

NZX says capital gains tax would stunt market and economy

Stock market operator NZX has come out against a comprehensive capital gains tax, saying it would discourage investment in New Zealand businesses and stunt the growth of the country's capital markets.The Tax Working Group earlier... Source: NZ Herald Business News

By | February 21st, 2019|Business|0 Comments

Rural sector gives thumbs down to capital gains tax

The rural sector has given an unequivocal thumbs down to the Tax Working Group's recommendation to bring in an comprehensive capital gains tax.The group has recommended the Government implement a capital gains tax - and use the... Source: NZ Herald Business News

By | February 21st, 2019|Business|0 Comments

Michael Cullen's bob each way on KiwiSaver

Sir Michael Cullen's Tax Working Group has called for KiwiSaver to be tweaked to increase the incentives for low income earners to save, reduce tax and provide a boost to those on paid parental leave.But a retirement savings expert... Source: NZ Herald Business News

By | February 21st, 2019|Business|0 Comments

Profit down for Northport owner Marsden Maritime Holdings

The company that owns Northport, the deepwater port at Marsden Pt, has seen a drop in profits for the last six months of last year, with the fall largely due to lower bulk cargo movements.Marsden Maritime Holdings (MMH) announced... Source: NZ Herald Business News

By | February 20th, 2019|Business|0 Comments

Steinlager announced as official sponsor of Emirates Team New Zealand for America's Cup

Steinlager, the beer brand owned by drinks company Lion, has be named the official sponsor of Emirates Team New Zealand for the America's Cup.The beer brand has also been named the official beer partner for the sailing regatta which... Source: NZ Herald Business News

By | February 20th, 2019|Business|0 Comments

$950 a week for 30 years: First-home buyers face crushing mortgages

Auckland's first-home buyers will need to fork out up to $950 per week in loan repayments for the next 30 years based on what they're paying to get a foothold in the market.That's according to figures by analysts CoreLogic showing... Source: NZ Herald Business News

By | February 20th, 2019|Business|0 Comments

Air New Zealand invites John Oliver to fly to NZ, record a show 'from the future'

John Oliver seems to be a big fan of New Zealand and keep a close eye on what's going on in the country - so now Air New Zealand has officially invited him to visit.The airline has launched a social media campaign asking John Oliver... Source: NZ Herald Business News

By | February 20th, 2019|Business|0 Comments

Brand new Air New Zealand Airbus A321neo turns around near Iran border and returns to Hamburg

A brand new Air New Zealand Airbus plane on a delivery flight from Hamburg did a U-turn approaching the Iranian border and returned to the German city because of a paperwork problem.The turnaround of the A321neo came after clearance... Source: NZ Herald Business News

By | February 20th, 2019|Business|0 Comments

A2 Milk rallies by $1 billion after sharp lift in first half profit

The rise and rise of a2 Milk showed no signs of abating after the company reported a 55 per cent lift in net profit for the six months to December.Shares in the alternative milk company shot up by $1.35 or 10.5 per cent to $14.22... Source: NZ Herald Business News

By | February 20th, 2019|Business|0 Comments