Dene Mackenzie

Improved outlook; surplus expected 2015-16

Improved outlook; surplus expected 2015-16

The Government's operating deficit, which soared as the recession deepened, is forecast to reach surplus by the 2015-16 financial year, three years ahead of last year's projection.

Ending NZ's obsession with property

Ending NZ's obsession with property

The Government yesterday moved to curb New Zealanders' obsession with property, Mitchell Mackersy partner Sally Peart said last night.

Budget 2010: taxing time

Budget 2010: taxing time

Tax reform was widely anticipated to be the main attraction of the Budget delivered yesterday by Finance Minister Bill English and he did not disappoint.

Most significant reform in 25 years

Most significant reform in 25 years

Sweeping tax reforms introduced yesterday by Minister of Finance, Bill English, were the cornerstone of his second Budget of the current Government.

Tax rise comes with problems

Tax rise comes with problems

The increase in GST to 15% from October 1 had the potential to create huge and complex problems for all taxpayers, WHK tax consultant Jarod Chisholm warned last night.

Cut an investment in business future

Cut an investment in business future

The surprise announcement that New Zealand's company tax rate would fall from 30% to 28% from April 1 next year was generally welcomed by the business community.

English vows to protect investments

English vows to protect investments

The Government has pledged to improve the management of the assets it owns.

Euro at four-year low after German crackdown

Germany's move to ban naked short-selling of some securities rattled investors yesterday, with the euro falling to its lowest level in more than four years against the United States currency.

Key under fire for pre-Budget remarks

Key under fire for pre-Budget remarks

The Government's opponents acted swiftly yesterday to decry reported comments made by Prime Minister John Key that Kiwis should not be jealous if the rich get more from tomorrow's Budget tax package.

Rental property losing favour as investment option

The shine has come off rental property ahead of tomorrow's budget, according to the latest ASB Investor confidence report.