NZ Steel in A$100M profit turnaround, future more secure
By Pattrick Smellie Aug. 21 (BusinessDesk) - Australian-owned New Zealand Steel achieved a A$100 million turnaround in underlying operating earnings in the year to June 30, following two years of deep cost-cutting, the sale of its Taharoa ironsands business, and a focus on dom...
NZ First seeks minimum wage at $20 an hour within three years
By Pattrick Smellie Aug. 18 (BusinessDesk) - New Zealand First is pledging to raise the minimum wage to $20 an hour within three years as part of a confidence and supply agreement to form a government after the Sept 23 election. The increase would be offset for employers wi...
Labour's water tax wrong to target irrigators, says lobby group
By Pattrick Smellie Aug. 16 (BusinessDesk) - The Labour Party's proposal to tax water used for irrigation will fail because lakes and rivers most in need of freshwater clean-ups have low levels of irrigation, says Irrigation New Zealand. The lobby group's chair, Nicky Hyslo...
Big corporates seek lower tax rate, 'NZ first' approach to tax rulings
By Pattrick Smellie Aug. 15 (BusinessDesk) - Some of New Zealand's largest companies are calling on any future government to lower the corporate tax rate, which is becoming high compared to other countries, and a "New Zealand first" approach to cross-border finance arrangement...
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