Finance
Explore the latest finance news by Business Desk.
Law & Regulation
Govt ready and willing to fill the gap on digital services tax if OECD solution fails
By Paul McBeth June 4 (BusinessDesk) - The government is concerned that a concerted international effort to ensure multinational digital firms pay their fair share of tax will fail, so will decide this year on whether to go it alone as an interim measure. Ministers Grant R...
Law & Regulation
NZBA, Banking Ombudsman support RBNZ proposal on material breach reporting
By Jenny Ruth May 31 (BusinessDesk) - The New Zealand Bankers' Association and the Banking Ombudsman agree with the Reserve Bank that disclosure of banks’ breaches of their conditions of registration should be limited to “material” breaches only. Their submissions are two o...
Economy
Budget 2019: Capital demands see increased bond programme
By Paul McBeth May 30 (BusinessDesk) - The government will borrow an extra $6 billion over the next five years to cover a shortfall in its cash flows to meet a $41.1 billion capital spending programme. The New Zealand Debt Management Office will issue $8 billion in the year...
Economy
Budget 2019: NZ surpluses narrow as spending ramps up
By Rebecca Howard May 30 (BusinessDesk) - New Zealand’s fiscal outlook remains in line with the government’s strategy, but forecasts included in Budget 2019 show smaller surpluses as spending ramps up. “We are maintaining sustainable surpluses over the period and keepin...
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