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Tax take from wealthy fell when top tax rate went up Treasury
By Pattrick Smellie Aug. 3 (BusinessDesk) - Treasury research has found the proportion of all tax paid by the highest earners fell after the 2001 tax changes that took the top personal income tax rate to 39 percent from 33 percent. Far from its intended purpose of increasing t...
Gardiner estate makes second attempt to sell controlling stake in Rainbow’s End
Aug. 3 (BusinessDesk) - Garlow Management, the trustee for the estate of Canadian George Ryerson Gardiner, is to make a second attempt to sell its controlling stake in New Zealand Experience, which operates the Rainbow’s End theme park in south Auckland. The trustees “have info...
Shell and Todd in dispute over oil field work programme
By Pattrick Smellie Aug. 3 (BusinessDesk) - The joint owners of some of New Zealand's largest oil and gas fields, Shell New Zealand and Todd Energy, are in dispute over non-payment for services provided for work on the Maui, Pohokura, and Kapuni fields. Companies Office records...
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