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In Today's Independent Financial Review

In Today's Independent Financial Review
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http://www.theindependent.co.nz/index.html

Kiwi dollar slump hits wind farm plans

The slide in the New Zealand dollar and a host of other problems are threatening to derail plans for up to 1000 megawatts worth of new wind farms. The cost of the foreign built wind turbines needed for the farms has skyrocketed, making some of the projects uneconomic. This would be a major blow to the government's hopes to build renewable energy and would scupper a key source of new power generation as New Zealand grapples with the exhaustion of Maui gas and growth in power demand. Nick Stride reports.

Probe launched into tendering for Parliamentary security

An investigation has been launched into the tendering practices for a major part of the upgraded Parliamentary security systems. The probe comes days after the provider of backup services for scanners and cameras walked off the job, angry about the tendering process. Tim Donoghue reports.

Business Tax Review special

This week we detail the reaction to the government's Business Tax Review document and preview National's response. Jenni McManus analyses the document and finds the government overpromised and underdelivered. Ernst & Young's Jo Doolan looks inside the package and argues we should have the lot rather than be forced to pick and choose from a smorgasbord. In our editorial we argue the government should show some real leadership and show its socialist colours with a compulsory superannuation scheme funded from personal and corporate tax cuts. It should also impose a capital gains tax on residential property investment.

Shareholders lacerate Aquiline

Owners of the struggling Hawkes Bay investment company Aquiline attacked its board at a private meeting last month, calling for the resignation of former Air New Zealand boss Jim Scott, who founded the company. Denise McNabb has uncovered the contents of an address to the meeting by an angry shareholder, who sees little future for the company while Aquiline's bankers gut the company to pay off debts.

ENDS


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