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 –...
Partnership approach to immigration Proposals for new requirements for work visas need fine-tuning, says BusinessNZ. The Ministry of Business, Innovation and Employment has been consulting on plans to improve the system for employer-assisted work visas – the process by which employers can hire skills from overseas if they are unavailable...
Kirk Hope on immigration Kirk Hope argues for more political leadership on immigration on Stuff today. View article here Kirk Hope explains why political leadership on immigration is needed – view video here Contact: Phone: Email:
...NZ economy: cross-currents of risk Cross-currents of international and domestic risk raise the need for sound economic risk management, according to the latest BusinessNZ Planning Forecast. The BusinessNZ Planning Forecast for the March 2019 quarter highlights international trading risks, particularly around Brexit and US-China trade. Domestic risk factors include concerns...
Failing to see the forest for the trees The latest report from the Parliamentary Commissioner for the Environment would result in upheaval for New Zealand’s environmental settings, BusinessNZ says. The report calls for New Zealand’s zero carbon emissions target to be substantially toughened to become a gross zero carbon target...
Innovation spend celebrated Increased spending on research and development by businesses is cause for celebration, says BusinessNZ. New data from Statistics NZ shows a recent increase of around half a billion dollars over the last two years had brought firms’ total expenditure on research and development over to $2.1 billion...