NZ economy reasonably robust despite heightened risks NZ economy reasonably robust despite heightened risks The New Zealand economy continues to perform reasonably well despite heightened risks in the international economy, according to the latest BusinessNZ Planning Forecast. The BusinessNZ Planning Forecast for the June 2019 quarter shows New Zealand’s GDP...
Film industry changes result of collaboration New arrangements for collective bargaining in the film industry have been welcomed by BusinessNZ. Chief Executive Kirk Hope says the changes result from strong collaboration and take account of the diverse nature of the film industry. The changes would give a more certain employment...
Focused spending for business and the economy The Wellbeing Budget contains spending that would be positive for business and the economy, says BusinessNZ. Chief Executive Kirk Hope said the focus on innovation, research and skills would help more businesses develop at higher levels and grow the economy. “The Budget recognizes...
ETS development continues to be well signalled The latest design changes to New Zealand’s emissions trading scheme have been progressively well signalled and are broadly positive, says BusinessNZ. The Government’s latest set of changes include rules for auctions, pricing, monitoring, and penalties for the ETS. BusinessNZ Chief Executive Kirk Hope...
BusinessNZ welcomes NCEA focus on literacy and numeracy Strengthening literacy and numeracy and the introduction of a vocational education award are welcomed by BusinessNZ, says Chief Executive Kirk Hope. “It is vital that we ensure young people are leaving school with a good foundation to undertake further training and study. With...
Policies and actions needed to get to low emissions economy Policies and actions needed to get to low emissions economy BusinessNZ says clear policies and actions and a political bipartisan approach will be needed to meet the ambitious targets contained in new zero carbon legislation. The Climate Change Response (Zero...
BusinessNZ calls caution on banking proposals BusinessNZ calls caution on banking proposals BusinessNZ is calling for caution on banking proposals that would increase mortgage costs. The Reserve Bank is proposing that New Zealand banks should be required to reduce the risk of bank failure to a one-in-200-year event. The proposals...
CGT decision strengthens confidence in tax system BusinessNZ has congratulated the Government for its decision not to proceed with a capital gains tax. Chief Executive Kirk Hope said the proposed tax would have hit businesses hard, reducing funds available for investment and job growth and increasing their compliance burden. “Our...
Voter concerns over capital gains tax A Reid Research poll commissioned by BusinessNZ has found significant voter concerns about a capital gains tax. The poll, conducted in mid-March, asked whether respondents supported a capital gains tax on property, business assets, shares and KiwiSaver. CGT on property and business assets: A...
$5 billion additional costs from capital gains tax BusinessNZ has released an analysis of additional costs to the economy that would accompany the direct costs of New Zealand’s proposed capital gains tax. It shows compliance costs of $1.6 billion, administrative costs of $210 million and deadweight costs of $1.5 –...
