The Government has taken its first step to try to control the
bubbling property market, but tax practitioners say there is
much detail missing from Prime Minister John Key's new
property tax proposals.
Trustpower, which has assets in Otago and Southland, reported
an improved profit for the year ended March 31, but not as
high as expected due to some familiar issues such as a high
value New Zealand dollar.
The regions of New Zealand were feeling neglected,
undervalued and left behind, and as a country, New Zealand
would not thrive until those feelings were turned around,
Labour finance spokesman Grant Robertson said yesterday.