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Auditor General resigns ahead of Transport Ministry fraud report
By Sophie Boot Aug. 3 (BusinessDesk) - Auditor-General Martin Matthews has resigned before the release of a report into his handling of a major fraud case when he led the Transport Ministry. In a statement, Matthews said the "issues and speculation about how I handled matte...
NZ commodity prices level off in July, annual growth strong
By Sophie Boot Aug. 3 (BusinessDesk) - New Zealand commodity prices dipped in July, with meat prices down for the first time this year, though prices across raw materials remain strong. The ANZ Commodity Price index slipped to 295.7 from 298 in June, led lower by declines i...
Government chases $200M a year in extra tax from multinationals with BEPS measures
By Jonathan Underhill Aug. 3 (BusinessDesk) - The government has doubled its estimate for extra tax it may reap from multinationals as a result of plans to crack down on base erosion and profit shifting (BEPS) that are used minimise their taxes worldwide. Finance Minister S...
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