IRD’s property tax crackdown, Fonterra candidate controversy, hotel group’s NZ move and NZOG’s conscience call
Inland Revenue's long campaign on property taxes catches some high-earning professionals.
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Inland Revenue’s long campaign to reap more tax out of the property market is paying off.
In the last year alone it reaped a $7 return for every dollar spent, economics editor Rob Hosking reports in today’s National Business Review print edition.
To the IRD’s surprise, however, it’s not just accountants but high-earning professionals being caught by the thousands of property transactions it monitors.
In other news, a Fonterra director candidate is playing down his involvement in a major Chilean dairy farming business ahead of elections.
Keeping the agricultural theme, editor-in-chief Nevil Gibson details international investors’ growing appetite for New Zealand and Australian food stocks, including Canterbury's Synlait Milk.
Business Traveller carries the story of a new and rapidly expanding Australian hotel group’s move to take over five of the smaller Accor-managed Mercure properties.
Reporter Jamie Ball tests the grey area of shareholder ethics and New Zealand Oil & Gas’ vote last week over Pike River reparations.
Shoeshine shines a light onto the Chorus-Commerce Commission copper pricing kerfuffle, picking up on some notable inconsistencies in regulatory settings which, if altered, could have avoided the current mess.
Lawyer Nick Crang, a guest columnist, says the Chorus debate will spill over into next year, when it will be a potentially significant election issue.
A Saatchi & Saatchi holding company’s result pops up on the radar of advertising reporter Victoria Young.
In Economically Speaking, Neville Bennett isolates a global economic trend that confounds the textbooks – the triumph of capital over labour.
Meanwhile, companies reporter David Williams runs the rule over listed fish oils company SeaDragon, peering past its recent rise in share price into its intriguing annual report and troubled past.
Briefly:
- In Asia Watch, Nathan Smith highlights Japan’s swift move to fill a vacuum afforded by the United States’ dawdling with its plans for Asia.
- The New Zealand Herald’s case of déjà vu over a major breakthrough in defence ties with Washington is noted by David Cohen, in Media Watch.
- In Heartland, Jacqueline Rowarth argues global science funding is not keeping up with challenges – and that skimpy science hurts everyone.
All that and more in today’s National Business Review. Out now.
NBR Staff
Fri, 08 Nov 2013
Fri, 08 Nov 2013
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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IRD’s property tax crackdown, Fonterra candidate controversy, hotel group’s NZ move and NZOG’s conscience call
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