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.
New Zealand companies and organisations are well aware of risk management strategies and approaches, but for many it is just a box ticking exercise rather than a core management function.
Today the Timaru High Court adjourned the hearing for the ownership of introduced assets to Aorangi Securities Limited from 29 October 2012 to 20 May 2013.
The 12th report by the Grant Thornton statutory managers to Aorangi Securities Limited investors, highlights how complex and difficult the task of returning money to investors has become. Aorangi is one of the funds caught up in the Hubbard financial collapse.
The Hubbard Management Funds (HMF) statutory managers from Grant Thornton reported today in their 12th Report to investors that they are still implementing the High Court directive made in June on how to distribute funds to investors. There have been no further distributions in the meantime.
New Zealand is the 11th best country in the world for supporting and enabling dynamic growing businesses according to the Grant Thornton Global Dynamism Index (GDI). However, the global ranking of 33rd in the economics and growth driver confirms that New Zealand needs many more growth companies. Given our population and the size and scale of our economy relative to its land mass, the unanswered question is, can we improve our position within the next 10 years?
Grant Thornton is delighted to have teamed up with The Economist to bring to more New Zealanders the World in Figures. It provides country rankings on more than 200 topics on everything from foreign debt, life expectancy and natural resources, to business competitiveness, innovation and Facebook usage.
New Zealand companies are becoming adept at developing valuable Intellectual Property (‘IP’).
For most business taxpayers with March balance dates, today is the due date for the first instalment of 2013 provisional tax. Provisional tax arises when income is earned without tax deducted at source.
The blueprint that was released recently for the rebuild of central Christchurch is a bold, ambitious and exciting plan. Once achieved, it will represent a significant change to the way we live, work and play “in town”.