BUDGET 2017: Govt targets $100M a year from closing offshore tax loopholes; moves on ‘black hole’ spending
By Pattrick Smellie May 25 (BusinessDesk) - The government expects to raise at least $250 million over the next three years from closing foreign tax loopholes exploited by both multi-national corporations and New Zealand companies with offshore activities. The gains are exp...
BUDGET 2017: Tax and benefits package targets low to middle income families
By Pattrick Smellie May 25 (BusinessDesk) - The Budget’s $2 billion a year package of tax and accommodation benefit changes is skewed deliberately towards the lowest income families and areas where rents are highest in an election year pitch by the government to be seen to res...
BUDGET 2017: Election year budget spends down future surpluses for families and infrastructure
By Pattrick Smellie May 25 (BusinessDesk) - Tax cuts for every working New Zealander, targeted to low and middle income earners, more generous assistance for families and renters, and a massive spend-up on public services infrastructure mark Finance Minister Steven Joyce’s ele...
Metroglass profit dips on Aussie expansion costs, capex looms
By Pattrick Smellie May 25 (BusinessDesk) - Metro Performance Glass delivered a $19.4 million net profit for the year to March 31, down from $21.3 million a year earlier, as it absorbed the costs of a major acquisition in the Australian market and the impact of declining build...
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