Westpac backs agriculture in emissions trading scheme sooner rather than later
By Pattrick Smellie April 4 (BusinessDesk) - The cost to farmers of dealing with climate change will be substantially lower if agriculture enters the emissions trading scheme in a smooth, gradual way, says a report commissioned by Westpac Banking Corp's New Zealand arm. Com...
Govt to raid regional growth fund and motorists' pockets to fund new transport priorities
By Pattrick Smellie April 3 (BusinessDesk) - The government is proposing to raise petrol excises by between 9 and 12 cents a litre over the next three years and to funnel cash from its $3 billion Provincial Growth Fund into improving local roads, new public transport and rail...
First shots fired in looming battle on labour law reform
By Pattrick Smellie April 2 (BusinessDesk) - The government's proposed labour law reforms re-establish a kind of "compulsory unionism", and many provisions of the Employment Relations Reform Bill conflict with its objective of promoting "a high performing, high wage economy,"...
Real estate investors to lose tax loophole from April next year
By Pattrick Smellie March 29 (BusinessDesk) - Investors and speculators will lose their ability to offset losses on residential properties to reduce their tax on other income from April 1 next year, if proposals in an Inland Revenue Department issues paper published today are...
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