When modelling for economic growth it is difficult to compensate for your second largest city suddenly dropping off the balance sheet. Yet that is exactly what happened for New Zealand in 2011 following the second Christchurch earthquake. Importantly, Christchurch wasn’t just an economic hub in its own right, but the gateway to the South Island.
The Government delivered its 2016 Budget with no new tax initiatives, other than reinforcing the positively received SME-friendly tax package from last month, and continuing to signal its commitment to ensuring New Zealand maintains robust international tax rules.
At the recent Cyber Security Summit in Auckland, new measures including a national Computer Emergency Response Team (CERT) and a credentials scheme for business were announced. Like most new endeavours, the implementation will present a number of challenges and even more opportunities to build on these positive steps.
Innovation is crucial to the success of any organisation, or economy for that matter. So how can you grow innovation?
There is a children’s riddle that asks “what goes up but never comes down?” The answer is “your age”. These days Auckland property prices could also be an acceptable answer.
The introduction and success of KiwiSaver has undoubtedly helped New Zealanders save more effectively, but it won’t be enough to ensure that participants in the scheme will be comfortable when they retire.
There is a growing income gap in New Zealand and as some Kiwis get further ahead, some fall further behind with, it is argued, not enough money to meet their needs, enjoy their lives or to participate in society.
Visit www.education.govt.nz. The website proudly states that between the ages of 5 and 19, your child’s education is free. But is it really?
Who would have thought that celebrity chefs could influence Governments to introduce new taxes? Jamie Oliver has publically lobbied the UK Government to do this, and was quick to claim credit when it introduced a two tier levy on soft drinks from 2018. Unsurprisingly, Mr Oliver quickly identified further potential television markets, including New Zealand, and has extended his call further afield.
While public-private partnerships (PPPs) have been welcomed overseas, New Zealand is late to the party; the public is missing out on the infrastructure that could be provided, and the economy isn’t benefiting from the stimulation PPPs create.