Labour to 'ring-fence' property investor losses to close tax loophole
By Pattrick Smellie May 15 (BusinessDesk) - Property investors will no longer be able to offset income in other areas against losses declared on residential property investments under new tax policy worth around $150 million a year and announced by Labour leader Andrew Little...
Fairfax confirms, questions complexity of unsolicited A$2.5B break-up bid
By Pattrick Smellie May 8 (BusinessDesk) - Australasian news publisher Fairfax Media this morning confirmed to investors that a "non-binding indicative proposal" from US-based private equity firm TPG to buy its three most powerful Australian newspaper titles and the company's...
Top India trade expert advocates direct flights between India and NZ
By Pattrick Smellie May 4 (BusinessDesk) - Fast-growing tourism and international student arrivals from India make it time to consider direct flights between New Zealand and major Indian cities, says the visiting head of a top Indian policy think-tank, Amitabh Kant. In New...
ComCom's unquantifiable judgement call on media merger a 'live legal issue'
By Pattrick Smellie May 3 (BusinessDesk) - NZME and Fairfax New Zealand are most likely to focus any appeal against the Commerce Commission's rejection of their proposed merger on the unquantified view that the detriments to the quality and variety of news is greater than betw...
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