The Standard

Economy

Posts on the economy, work, business, income, and labour

Categories under Economy

Compass serves up very little tax

Written By: - Date published: 8:10 am, May 3rd, 2016 - 66 comments

Radio New Zealand has reported that Compass, supplier of our substandard hospital food, appears to be taking steps to minimise the tax it pays locally.

Maybe stop dropping it…

Written By: - Date published: 11:28 am, May 2nd, 2016 - 151 comments

…the hot potato – stop dropping it. Maybe grow the fuck up and react intelligently to the blindingly obvious.

Key chucks his “lawyer” under a bus

Written By: - Date published: 10:04 am, May 2nd, 2016 - 125 comments

Key has form on lying, you’d hope that his “lawyer” does not.

Tax haven questions for National

Written By: - Date published: 7:02 am, May 2nd, 2016 - 36 comments

The weekend saw the pressure stay on National over our tax haven status, and the role Key might have played in protecting it.

Dunne concerned about “extremely damaging” tax haven label – years too late

Written By: - Date published: 3:35 pm, May 1st, 2016 - 52 comments

Peter Dunne is concerned about the ‘extremely damaging’ tax haven label. Guyon Espiner points out that he used to call it ‘legitimate tax avoidance’.

Key’s Blind Trust vs Our Blind Faith

Written By: - Date published: 4:19 pm, April 29th, 2016 - 29 comments

So Key’s lawyer reckons the PM directly requested that trust industry leaders lobby the Revenue Minister. On the other hand, PM DunnoKeyo reckons he did no such thing. That leaves some really big questions …

Mossack Fonseca bites National on the arse

Written By: - Date published: 7:19 am, April 29th, 2016 - 348 comments

John Key is facing some problems describing how a Mossack Fonseca company ended up owning a New Zealand farm and how after his lawyer asked the Government not to change the rules surrounding foreign trusts the Government moved to make sure that no rule change would occur.

Talleys Jump the Shark!

Written By: - Date published: 9:36 pm, April 28th, 2016 - 68 comments

The truly awful Talley’s group have just taken NZ employment relations back a century or two by trying to get the Employment Court to gag the Meat Workers Union. Talley’s regard freedom of speech as a breach of good faith. They also want the union’s Darien Fenton barred from doing her job. Is it too soon to take Sir Peter Talley’s knighthood away from him?

Trade deficit worst in seven years

Written By: - Date published: 11:49 am, April 28th, 2016 - 122 comments

Add it to our record debt, our record pollution, our record housing unaffordability, our rising inequality, our terrible carbon emissions…

Key’s land tax – too weak

Written By: - Date published: 7:11 am, April 28th, 2016 - 76 comments

Reaction to Key’s land tax has been luke warm at best, with strong calls for more effective action. Labour is promising “a ‘tidal wave’ of big housing reforms”…

NRT: This is what happens if you don’t have a plan

Written By: - Date published: 3:23 pm, April 26th, 2016 - 4 comments

I/S at No Right Turn on the renewables target and futility of targets without plans.

Key prepares to backflip on Auckland housing

Written By: - Date published: 8:18 am, April 26th, 2016 - 126 comments

John Key is preparing the ground for a reversal on National’s refusal to do anything about Auckland’s housing crisis.

NRT: Bill English wants to end your privacy

Written By: - Date published: 7:11 am, April 22nd, 2016 - 85 comments

I/S at No Right Turn the “data supermarket” and privacy concerns. “The government wants to be able to effectively spy on and database everyone, so they can save a few dollars here and there.”

John’s Key’s “lawyer” is not a lawyer

Written By: - Date published: 9:00 am, April 21st, 2016 - 199 comments

John Key, explaining why he had an account with tax avoidance specialists Antipodes Trust Group, said he used the firm because his long-term friend, Ken Whitney, is a principal at the firm and has been his private lawyer for many years. The flaw in that theory is that Whitney is not currently a lawyer.

Stalled global economy and helicopter money

Written By: - Date published: 10:08 am, April 20th, 2016 - 21 comments

The global economy has been stuck in an ongoing crisis since 2008. Printing more money won’t fix it, but it looks like we’re going to try it anyway.

National gets a smacking on the housing crisis

Written By: - Date published: 7:21 am, April 20th, 2016 - 59 comments

Fair to say that Simon Bridges’ claim that there is no housing crisis has – not gone down well. National – you have a problem.

Saving the town

Written By: - Date published: 8:30 am, April 19th, 2016 - 78 comments

What do you do for a town when the company that provides all the jobs shuts down?

McCully, the National Party donation and the Niue resort

Written By: - Date published: 10:05 am, April 18th, 2016 - 57 comments

Murray McCully has assured New Zealand that there is no link between the granting of valuable rights to manage a luxury resort in Niue and the making of large donations to the National Party.

What tax evasion robs us of – in NZ

Written By: - Date published: 7:07 am, April 18th, 2016 - 111 comments

Gareth Morgan estimates that NZ could be missing out on up to 25% of total income tax because the rich aren’t paying their fair share. What could a government do with an extra $7.5bn a year?

London – tens of thousands march against austerity

Written By: - Date published: 1:05 pm, April 17th, 2016 - 9 comments

In the UK, Cameron’s latest cuts have provoked a very public response.

Towards a new economic order

Written By: - Date published: 8:40 am, April 17th, 2016 - 222 comments

George Monbiot in the Guardian gives a precise and accurate description of neoliberalism and asks the question why has the left not come up with a modern alternative?

Job losses everywhere

Written By: - Date published: 8:29 am, April 16th, 2016 - 57 comments

Brighter Future. Cusp of Something Special. Tell it to the newly jobless.

Only way to deal with tax evasion

Written By: - Date published: 7:38 am, April 16th, 2016 - 78 comments

Post everyone’s tax details publicly. Everyone.

The secrecy uprising

Written By: - Date published: 2:59 pm, April 15th, 2016 - 29 comments

It is clear from John Key’s irresponsible  reaction to accusations of NZ being a loosely controlled tax haven, that we are becoming an international target. Contrast that with European reactions, and then have a look at the David Brin’s prophetic reasons for the fictional Helvitica War…

The solar surcharge

Written By: - Date published: 2:39 pm, April 15th, 2016 - 98 comments

Profit gouging or genuine need?

Panama papers – the dark side in a nutshell

Written By: - Date published: 8:13 am, April 15th, 2016 - 77 comments

terrorism civil liberty and tax evasion

What tax evasion robs us of

Written By: - Date published: 10:47 am, April 14th, 2016 - 43 comments

An interesting piece in The Guardian looks at the costs of tax evasion, and how (in America) the missing funds could be used to fund a UBI.

Holding back our productivity

Written By: - Date published: 7:17 am, April 14th, 2016 - 72 comments

Our “business leaders” are doing an objectively poor job. Perhaps instead of insulting Kiwi workers as “pretty damned hopeless”, Bill English should be taking aim at these captains of industry.

Kiwi workers are pretty damned hopeless – says Bill English

Written By: - Date published: 4:03 pm, April 13th, 2016 - 205 comments

National are now so convinced of their invulnerability that they have taken to actively insulting us. You couldn’t make this stuff up.

The Divide (Spirit Level – The Movie)

Written By: - Date published: 11:18 am, April 13th, 2016 - 5 comments

Based on the breakthrough book The Spirit Level, just released film The Divide puts a human face on low wage hell. “Why aren’t we earning enough to live?”

Can we trust John Key?

Written By: - Date published: 7:50 am, April 13th, 2016 - 334 comments

John Key’s relationship with Antipodes Trust Group Limited will need some explaining.