New Zealand businesses are looking for the Government to take a series of pragmatic approaches to stimulating the economy rather than interventionist policies according to the Grant Thornton IBR survey.
Grant Thornton today announced record combined global revenues of US$4.2 billion driven by 10.4% growth in US dollars (18.8% in Euros, €3.2 billion) and 13.2% in local currency for the year ended 30 September 2012. Grant Thornton led the six largest global accounting organisations in reported revenue growth for 2012.
While business leaders in mature economies are looking for international expansion opportunities in higher growth emerging economies, the same cannot be said of New Zealand businesses, according to the latest Grant Thornton International Business Report (IBR).
New Zealand businesses are not properly managing their supply-side risks, jeopardising billions of dollars in revenue and tens of thousands of jobs, according to a report from the Chartered Institute of Purchasing and Supply, Australasia and accounting firm Grant Thornton New Zealand Ltd.
The High Court yesterday released its final decision on how returns to Hubbard Management Funds (HMF) investors will be calculated and initial distributions are likely to occur in the first quarter of 2013.
The recent unexpected rise in unemployment statistics together with fiscal forecasts of a growing budget deficit reinforce the problems faced by the New Zealand Government, and those all over the world - how to obtain sufficient revenue to undertake the wide range of services expected by the voting public, and how to generate wealth for its citizens.
The unofficial Investor Liaison Group for Hubbard Management Funds (HMF) is misrepresenting the facts of the situation,” say the HMF Statutory Managers.
“The unofficial Investor Liaison Group has failed to understand the situation with Aorangi Securities, despite many meetings with them to answer their questions,” said the Statutory Managers for Aorangi Securities today.
Global support for fiscal measures grows amongst businesses as confidence and investment drop sharply
Business optimism fell sharply across the globe in the third quarter of 2012, according to the latest Grant Thornton International Business Report (IBR). Despite attempts to encourage investment, the majority of businesses say that they will maintain or increase their cash reserves – building on the $4trillion of cash already sitting on company balance sheets1.
The mid-1980s also saw some radical changes to the New Zealand tax landscape, with the introduction of new regimes that, today, feel like they’ve been with us forever. In particular, Goods and Services Tax was introduced, as was Fringe Benefit Tax (FBT).