Economy & Tax

NZ economy: prevailing headwinds

NZ economy: prevailing headwinds

The latest  BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery. The Forecast for the June 2022 quarter shows global economic recovery post-Covid has taken a hit in both prolonged...

NZ economy: prevailing headwinds

Improving NZ’s tax administration system

Tax administration could be improved with better technology and more partnerships with the private sector, the BusinessNZ Tax Group says. The BusinessNZ Tax Group is a group of leading tax practitioners and service providers who have produced a white paper with...

NZ economy: prevailing headwinds

RMA shakeup long overdue

RMA shakeup long overdue A shakeup of the Resource Management System is a big step in the right direction, BusinessNZ chief executive Kirk Hope says."This is a great chance to move towards improved environmental, economic and social wellbeing outcomes."Mr Hope says...

NZ economy: prevailing headwinds

Focused spending for business and the economy

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...

NZ economy: prevailing headwinds

BusinessNZ calls caution on banking proposals

BusinessNZ calls caution on banking proposals BusinessNZ calls caution on banking proposalsBusinessNZ 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...

NZ economy: prevailing headwinds

CGT decision strengthens confidence in tax system

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...

NZ economy: prevailing headwinds

Voter concerns over capital gains tax

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,...

NZ economy: prevailing headwinds

$5 billion additional costs from capital gains tax

$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...

NZ economy: prevailing headwinds

Engagement with business

Engagement with business Greater integration with the world economy will reap dividends for New Zealand business, the Prime Minister told business leaders today.Addressing the BusinessNZ economic update meeting in Auckland this morning, Prime Minister Jacinda Ardern...