The Crown accounts remained in surplus in the nine months
ended March and, with higher core revenue, Finance Minister
Bill English is in a happy place as he prepares to deliver
his Budget 2016 on May 26.
If New Zealand tax residents are using tax havens to avoid
New Zealand tax - and such is disclosed in the Panama Papers
- they can expect to be audited and there will be little
sympathy for them, tax expert Scott Mason says.
Further tightening of Auckland housing investor restrictions
and potentially a broadening of nationwide investor
restrictions have become a possibility as tensions grow
between Reserve Bank intentions.
The New Zealand financial market has had a stellar run,
falling less than tother markets during the volatility early
in the year and rebounding more sharply since then. Business
editor Dene Mackenzie talks to Craigs Investment Partners
broker Chris Timms about why the NZX50 is trading close to