Press room
17 May 2013
Budget 2013: The ethics of multinational taxation
There has been considerable global press in recent months about the ethics of multinational companies using tax structures to minimise the tax they pay globally. The low tax take from the multinationals that do business here has brought New Zealand into the middle of this international debate.
17 May 2013
Budget 2013: Raising the innovation bar?
Since the last election, the Government has promised to raise the level of innovation in New Zealand. The move to include innovation as a key platform of the Business Growth Agenda was a step in the right direction, but is enough being done to ensure this promise will be fulfilled?
17 May 2013
Budget 2013: Tax changes at a glance
While nowhere near a ‘tax budget’, Budget 2013 still provides a number of tax changes. The most significant tax change is a signalled $1 billion reduction in ACC levies for businesses and households. The main tax changes are covered below.
17 May 2013
Budget 2013: Focus on business
A number of initiatives were introduced in yesterday’s budget that will have a direct benefit for businesses. Geordie Hooft, tax partner, Grant Thornton New Zealand said the most noteworthy change is the reduction in ACC costs for businesses, which are forecast to fall by $300 million in the 2014/15 year and a further $1 billion in the following year.
14 May 2013
Businesses in France and Germany a world apart on eurozone future
On the eve of Europe Day (9 May), new research from the Grant Thornton International Business Report (IBR) reveals that businesses in France and Germany, the eurozone’s two biggest economies, are a world apart in their views on the bloc’s future. This highlights a concern that a lack of clarity of vision on the eurozone’s direction could lead to crippling business uncertainty and ultimately damage growth prospects.
13 May 2013
Budget 2013: Time to tackle some meaningful issues
By its very nature politics is a fickle beast. To ensure they get in (or stay in) power, the Government needs to promote policies that appeal to enough voters to secure their success.
12 May 2013
Budget 2013: Social and Affordable Housing
It’s time for the Government to roll up its sleeves and address the issues around social and affordable housing. And the Budget would be a great starting point.
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Grant Thornton is one of the world's leading organisations of independent assurance, tax and advisory firms. We help dynamic organisations unlock their potential for growth by providing specialist services, business advice and growth solutions. Grant Thornton New Zealand operates from three locations in Auckland, Wellington and Christchurch, with 33 partners and more than 250 professional and management services staff.