English takes election year tax cuts off the table
By Pattrick Smellie May 12 (BusinessDesk) - Finance Minister Bill English has all but ruled out income tax cuts in the government's 2017 election year Budget. In his traditional pre-Budget speech to the Wellington Chamber of Commerce, English said the government would prior...
NZ's privacy regime needs teeth, says UN Rapporteur Cannataci
By Pattrick Smellie May 11 (BusinessDesk) - New Zealand's privacy regime is weaker than many of its international counterparts and needs teeth, the United Nations Rapporteur on the Right to Privacy, Professor Joe Cannataci, told a forum in Wellington hosted by the Office of th...
Reserve Bank looks to new income-based home lending restrictions
By Pattrick Smellie May 11 (BusinessDesk) - New lending restrictions to prevent people borrowing too much relative to their income are on the cards, the Reserve Bank of New Zealand's two most senior officials say. Governor Graeme Wheeler and deputy governor Grant Spencer ma...
Foreign home buyer count figures 'not ideal', Upston says
By Pattrick Smellie May 10 (BusinessDesk) - A new official survey intended to show the extent of foreign investment in New Zealand property has produced data with "clear limitations" that are "not ideal", Land Information Minister Louise Upston says. Touted originally by th...
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