Bigger profits and spending bolster govt tax take

Bigger profits and spending bolster govt tax take
Paul McBeth
The government’s books are still in good shape with the first update of 2021 showing the tax take from consumer spending and company profits was better than expected.Core Crown tax revenue rose 5.3 percent to $37.58 billion in the five months ended Nov. 30, some $699 million more than Treasury officials forecast in December. That was due to GST returns rising 9.8 percent in the period compared to a year earlier, and the corporate tax take rising 7.2 percent from a time before the pandemic.At the same time, government spending was $546 mil...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025