Economy & Tax

Earnings, investment and saving would be boosted in Australia and NZ if double-taxation of dividends was removed, the Australia NZ Leadership Forum says....
A report by leading economic firms shows changes to tax laws in NZ and Australia could benefit the economies of both countries by billions of dollars....
Expansion levels for the service sector dipped for the second consecutive month, with a seasonally adjusted PSI for July at 53.1....
NZ’s manufacturing sector remains largely in a holding pattern, with a seasonally adjusted PMI for July at 49.4....
Despite a dip in expansion levels, the service sector remains on the right side of growth, with a seasonally adjusted PSI for June at 54.3....
Manufacturing activity produced a mid-year flat patch, which was in line with offshore movements, with a seasonally adjusted PMI for June at 50.2....
The Government has taken a reasonably balanced approach to carbon pricing in its amendments to the emissions trading scheme announced today, says BusinessNZ....
Increased levels of new business/orders is assisting service sector expansion, with a seasonally adjusted PSI for May at 56.8....
Manufacturing activity bounced back from April’s dip to show strong expansion for the current month, with a seasonally adjusted PMI for May at 55.7....
Official and unofficial data show the New Zealand economy is growing slowly....