Millionaire Aussie's advice to NZ: Let the rich pay for covid

Rebecca Stevenson
Fri, 31 Jul 2020

Rebecca Stevenson
Fri, 31 Jul 2020
New Zealand’s estimated almost $50 billion tax deficit could be paid by rich people keen to move here, multi-millionaire Australian investor Mark Carnegie says.Carnegie, who as of late last year is a resident in NZ, said there was a stark choice facing the country: raising taxes on the working poor and cutting services, or finding new money from somewhere — or someone — else.The now hobbyist Nelson farmer said rich people living outside NZ would happily pay to move here, including friends of his like a “not headline, hea...
Markets
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up
Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

Partner Content
How to future-proof your business

Keeping up with the ever-changing digital age can be daunting, and executives around the world are continually striving to improve their operations by embracing digital transformation, the new way of working that transcends traditional and outdated business practices.

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.