
BUDGET 2018: Bracket creep, wage growth and avoidance crackdowns fuel tax take rise
By Pattrick Smellie May 17 (BusinessDesk) - Rising wages that take people into higher tax brackets, a growing population fueling economic activity, and a series of new revenue-gathering crackdowns are forecast to yield the government $5.7 billion more tax revenue over the five...

BUDGET 2018: New watchdogs for election spending promises, RMA, and EQC disputes
By Pattrick Smellie May 17 (BusinessDesk) - The Budget creates three new government quangos to run the rule over political parties’ spending promises, keep tabs on local governments’ administration of the Resource Management Act, and a special tribunal to sort out Canterbury e...

BUDGET 2018: Construction sector bottleneck threatens growth and KiwiBuild outlook
By Pattrick Smellie May 17 (BusinessDesk) - Bottlenecks in the booming construction industry see weak growth in residential house-building over the next 12 months and have forced the Treasury to halve its forecast rate of progress on the government’s KiwiBuild affordable housi...

BUDGET 2018: ProdCom tasked to investigate impacts of disruptive technology
By Pattrick Smellie May 17 (BusinessDesk) - The Productivity Commission will conduct an investigation into the impacts of technological change and disruption, and the future of work. The Budget announced the inquiry along with the inquiry into local government funding and f...