Category: Economic Issues
Over recent years Google and Facebook have become targets in a campaign questioning whether such successful international companies are paying their “fair share” of tax in the countries in which they operate.
2016 has been a year of significant political change. Establishment politics has been turned on its head. From the Brexit referendum in the UK, to the election of Donald Trump in the US, the shock waves kept coming.
Last year our Prime Minister boldly announced to the United Nations that New Zealand was going to create one of the world’s largest ocean sanctuaries. It was intended to establish our sustainability credentials on the biggest international stage.
“Never let the truth get in the way of a good story.” The quote is attributed to Mark Twain but he could have been talking about New Zealand where misinformation campaigns continue apace. What’s worse is that these days they get reported as news.
Tax reform would benefit by following one simple motif: don't tax what you want more of. It follows that cutting income tax rates should be a boon for the economy-freeing up labour markets, incentivising work, and stimulating entrepreneurship. If only politics were that simple.
A nation’s future is determined by the vision of its leadership. That is essentially the message that Taranaki born Stephen Jennings, one of country's most successful global entrepreneurs, delivered when he returned to New Zealand last month to present a keynote address for the New Zealand Initiative.
It’s great to be back in Auckland. I studied economics here in the ‘80s and I’m grateful to Auckland University for sparking my interest in how markets and institutions really work. The windsurfing was pretty good as well. As a newly minted economist I lived in Wellington for eight years working at the Treasury...
The recent political debate over the shortage of housing has been more heat than light. The real issue that needs addressing is the policy framework that’s preventing the housing market from operating properly and meeting the growing demand for houses - especially those in the lower and medium price brackets.
The headlines are relentless about homelessness and the cost of housing. Nowadays $2,500 a square metre is not unusual even for a relatively straight forward build. Given the average home is about 200m2, the building cost alone is likely to be +$500k (plus land cost). So why does it cost so much to build a house? There are many reasons, but mostly the cause ends up at the doorstep of local and central government.