New Zealand Finance minister, Grant Robertson, recently gave a summary of the Treasury’s Half Year Economic and Fiscal Update 2020 report. The report indicates that the economy is expected to bounce back in the coming years following depressed performance since the pandemic started. The report has projected that unemployment will…

New proposals have been presented under the Smoke-free Aotearoa 2025 Action Plan document to combat tobacco smoking in New Zealand. The NZ government has for years relied on increased excise taxes to help discourage smoking. The intention had been for smokers to see the rising cost and opt to curtail…

During its oral submission to the Finance and Expenditure Committee earlier this week, Chartered Accountants Australia and New Zealand (CA ANZ) urged the government to resolve the complexities brought on by the new tax laws related to the bright-line test. The accounting body recently surveyed 361 of its members and…

The Reserve Bank of New Zealand (RBNZ) has raised the official cash rate (OCR) by 25 basis points to 0.75%. This is the second time in two months that the central bank has raised interest rates in an effort to curb inflationary pressures. This is amid the easing of pandemic…