Finance
Explore the latest finance news by Business Desk.
Policy
Change tax regime for KiwiSaver, share trading - capital markets review
By Jenny Ruth Sept. 9 (BusinessDesk) - KiwiSaver contributions should not be taxed up front but only when the saver withdraws funds, all direct share investments should be taxed as if they were portfolio investment entities and trading in shares should be tax exempt. These...
Markets
End of an era as John Hawkins bows out as NZSA's chair
By Jenny Ruth Sept. 6 (BusinessDesk) - Nobody can doubt that John Hawkins’ nine-year reign as the New Zealand Shareholders’ Association chair transformed a rag-tag ginger group led by its flamboyant founder, Bruce Sheppard, into a highly respected professional organisation tha...
Law & Regulation
ComCom takes UDC to court over fees
By Jenny Ruth Sept. 6 (BusinessDesk) - The competition regulator is taking ANZ Bank-owned UDC Finance to court for allegedly charging unreasonable default fees. The Commerce Commission has filed charges against UDC in the High Court relating to its practices in providing co...
Retail
Rubicon's proposed pay for new director is pay before performance: NZSA
By Jenny Ruth Sept. 5 (BusinessDesk) - At the same time as warning shareholders not to hold their breath waiting for a dividend from Rubicon, the New Zealand Shareholders’ Association is signalling it is reserving judgement on its newly appointed director, George Adams. But...
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