Entitled or unethical? Big business and the wage subsidy

Tue, 22 Sep 2020

It was designed to pump billions into the hands of business owners; and it did.The wage subsidy scheme, through its several iterations, pushed cash quickly to small business owners who make up the bulk of New Zealand’s employers, and equally to large companies and many listed on the NZX top 50 index.It is the large and listed that have caused some concern. Recently, retailer Briscoes announced it would increase the dividend it will pay shareholders after accessing about $11.5 million in taxpayer-backed funding, and reported a first-half n...

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