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...
UPDATE: Robertson unmoved by CTU call to scrap 'budget responsibility rules'
by Pattrick Smellie March 28 (BusinessDesk) - Finance Minister Grant Robertson has been quick to rule out scrapping the government's Budget Responsibility Rules after the Council of Trade Unions said today they were too restrictive to allow necessary investment in public servi...
Govt toughens final terms of reference for electricity review
By Pattrick Smellie March 27 (BusinessDesk) - The final terms of reference for the government's inquiry into the electricity sector goes further than draft proposals to include examining whether power companies can make "excessive profits" and "whether the costs of providing e...
NZ govt planning 'long transition' away from fossil fuels, Minister tells oil conference
By Pattrick Smellie March 27 (BusinessDesk) - New Zealand's government expects moving away from using fossil fuels will take several decades so the economy and affected industries have time to adjust, the Minister of Energy, Megan Woods, told the country's main annual oil and...
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