How John Key could split Labour, A tale of two funds, Why isn’t the NXT market working?

In NBR Print today: New Zealand firms will face higher tax bills overseas, as well as greater compliance costs at home and in offshore markets, as a result of the global tax crackdown signalled by the OECD this week. Yet, as Rob Hosking reports, a corresponding rise in tax collected by the New Zealand government is not expected.

Listed small high-growth companies are being touted as rising stars but the new market set up to foster them has not got the same sparkle. Calida Smylie looks into why companies seem to be reluctant to list on the stock exchange’s NXT market.

At least five Labour MPs – including two former leaders – would cross the floor if its leadership decided to vote against the TPP, party insiders say. Labour’s leadership is considering withdrawing from the deal if it forms a government in 2017.  John Key could split Labour by forcing a parliamentary vote on ratification, writes Matthew Hooton.

For the first time since 2004 New Zealand is poised to fulfil its US beef quotas. And with the newly agreed TPP deal, there are now more options for beef producers to be selling their product.  Jason Walls reports.

Meanwhile, meat processor Alliance Group is talking up its co-op credentials with a three-week farmer roadshow that coincidently overlaps a separate roadshow by fierce rival Silver Fern Farms [U:SFF] as it seeks outside investment from Chinese firm Shanghai Maling [CH:600073]. Tim Hunter has the latest on this story.

The two major public sector investment funds produced similar returns in the year ended June. But the Accident Compensation Corporation’s investment portfolio and the way it’s managed couldn’t be more different than the New Zealand Superannuation Fund. Jenny Ruth reports.

A group led by NBR Rich Lister Paul Adams wants Tauranga City Council to fund new civic investments via a $35 million bond, reports Chris Hutching.

Amid the fuss over Theo Spierings’ near $5 million pay packet, Hunter’s Corner was intrigued to see research from analysts at Citigroup in Australia thoroughly debunking the value of incentive pay schemes.

Eroad [NZX:ERD] shareholders must have had their hearts in their mouths last week when the company’s share price seemingly fell off a cliff, writes Shoeshine.

Whether macroprudential policy actually works and its unintended consequences remain largely unknown, writes Michael Coote.

‘Don’t write off Europe’ ­– two Kiwi experts see contrasting markets on their travels in the US and Europe. Nevil Gibson reports.

NBR Special Report: Spotlight on Dunedin

All this and more in today’s National Business Review print edition. Out now.