We all know the fate of aging rock stars – sometimes they rapidly descend into the twilight zone of drug dependency and depression. But what about the immediate future of our own rock star economy?
A lot has been said about the cost of the business transformation project being run by Inland Revenue, and we should see an acknowledgement of the expected $1.5billion cost coming through in this year’s Budget.
The time has come for some honest discussions about healthcare funding. Unfortunately, fiscal pressures mean that continuing with the old ways of funding healthcare in New Zealand will not be an option.
Why, in the last 40 years, has New Zealand’s GDP per capita slipped from being 20% above the OECD average to now being approximately 30% below? There are many contributing factors, but one of the key reasons is that as a country we are just not productive enough.
Depending on who you are listening to or what formula you are using, the Auckland housing market could be anywhere from 12,000 to 56,000 houses short. Is this a problem? Recently even the debate has shifted on that.
New Zealand is struggling to reach its Kyoto targets and balance its books, so any moves by the Government in Budget 2015 to support electric vehicles will go a long way to alleviate these problems.
The criteria and processes of Callaghan Innovation grants have been recently called into question by opposition MPs. Irrespective of whether Callaghan is contributing to our economy’s productivity or generating a significant ROI for every dollar granted, it’s a positive step in the right direction. The bigger issue is the actual lack of R&D and innovation activity in New Zealand businesses and our lack of presence on the world’s business stage.
Grant Thornton New Zealand today issued 'A global guide to business relocation', a comprehensive 138 page document covering topics of importance for any business looking to unlock growth through greater efficiencies.
All too often, changes to tax legislation happen at a glacial pace in this country. As a nation, we can’t afford to let that happen with the GST changes required to modernise the law and processes to capture GST from overseas online purchases. With Budget 2015 fast approaching, it’s time for the Government to readdress this to ensure the market isn’t distorted based on the tax residence of suppliers.
The latest regional GDP growth figures just released by Statistics New Zealand reveal that we all need to strap ourselves in for what could be a sensational ride over the next few years.