Business

Google NZ books more business locally, pays $511m to sister companies
Services

Google NZ books more business locally, pays $511m to sister companies

Google New Zealand recognised more business locally in 2019, reflecting the global crackdown on the tax affairs of multinational software firms, but still paid more than half a billion dollars to related companies.The local unit of the world’s dominant search engine operator repo...

Paul McBeth 10 Jun 2020
JONATHAN HILL: The Air NZ refund saga - who benefits and who should own our airline?
Opinion

Jonathan Hill: JONATHAN HILL: The Air NZ refund saga - who benefits and who should own our airline?

The Air New Zealand refund saga has already deeply damaged what has long been New Zealand’s most trusted brand. In keeping customers’ money to effectively bail it out, bigger questions must now be asked as to who should actually own the airline. In the interests of full disclosur...

Jonathan Hill 10 Jun 2020
Smelter closure not a risk to transmission pricing benefit
Infrastructure

Smelter closure not a risk to transmission pricing benefit

Changes to the way electricity transmission costs are to be shared will benefit consumers irrespective of whether the Tiwai Point aluminium smelter closes, the Electricity Authority says. The regulator today published a final decision on how transmission will be charged for, e...

Gavin Evans 10 Jun 2020
DAVID CHAPLIN: Shining a torch on the dark art of KiwiSaver performance forecasts
Opinion Free

David Chaplin: DAVID CHAPLIN: Shining a torch on the dark art of KiwiSaver performance forecasts

Like cigarettes and painkillers, all retail investment products must carry a standard health warning.Somewhere in every KiwiSaver or other investment product disclosure statement, fund update or ad you will find words to the effect of ‘past performance is not indicative of future...

David Chaplin 10 Jun 2020