Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Budget 2014: Good news for business

Budget 2014: Good news for business

“Budget 2014 delivers a range of good news for New Zealand business,” PwC Corporate Tax Leader Geof Nightingale says.

“The return to surplus and the forecast reduction in debt relative to GDP delivers a stable fiscal platform that will give business the confidence to invest. It’s that business investment will drive economic growth and employment.

“Keeping Government expenditure increases to a rate lower than economic growth will reduce the pressure on rising interest rates and inflation, leading to less pressure on our exchange rate.

“Business will welcome specific measures such as additional funding for science and innovation, and to expand and support our access to markets in China, South America and the Middle East.

“Infrastructure investment in transport, health and education will all support the business climate in New Zealand.

“Further reductions in ACC levies of $480m in 2016 will further lower costs for employers making New Zealand business more competitive.

“We welcome moves to assist R&D intensive businesses by providing tax credits for loss-making start up R&D and allowing tax deductions for previously non-deductible “blackhole” R&D expenditure.

“By showing prudent fiscal management with some targeted additional spending, Budget 2014 should be well received by New Zealand business as providing the right economic settings to pursue business growth,” concludes Mr Nightingale.

-ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news