New Zealand Ranked 3rd for Economic Freedom

New Zealand is the third freest economy in the world, beaten only by Singapore and Hong Kong. Earlier this week the Heritage Foundation released its annual Index of Economic Freedom, ranking New Zealand as the third freest economy in the world. New Zealand’s score on the Index has fallen by 0.5 points since the previous […]
 

New Zealand Unemployment Falls to 5.3%

Employment levels in Ne Zealand have reached the highest level in more than 5 years, and, in addition, average wages have also risen over the course of 2015. In a new press release issued in February 3rd Statistics New Zealand has shown that the unemployment rate in New Zealand over the quarter ending December 2015 […]
 

Baker Sentenced for Tax Evasion

TAUPO – Serial tax evasion has landed a Taupo baker an 8 month sentence of home evasion, despite having paid most of the illicit funds back. On January 26th the Inland Revenue Department issued a new press release showing that the Taupo District Court has sentenced a Taupo baker to 8 months home detention for […]
 

Greens Call for More Action on Gender Pay Gap

The government is not taking enough action to help close the gender pay gap, and pay differences within some government departments highlight the extent of the problem. On January 22nd the Green Party issued a new statement calling on the government to take action to address the gender pay gap in New Zealand. The statement […]
 

New Zealand Building Consents Break Records

The number of new buildings being built in New Zealand is nearing record levels, while the value of the homes is higher than ever. For the first time ever, the value of consents granted for residential buildings in New Zealand over the course of 1 month has surpassed NZD 1 billion. The total number of […]
 

New Zealand Labour Force Set to Grow

New Zealand’s labour force will continue to grow, as more and more people work past retirement age. The New Zealand labour force is set to see a sizable boost in the next two decades, but the growth rate will decrease over the long-term, according to new information released by Statistics New Zealand on December 17th. […]
 

New Zealand Sees Trade Surplus

Dairy exports and travel exports have led the way for New Zealand to see a trade surplus. According to new information released by Statistics New Zealand on December 2nd, the country saw a NZD 3.3 billion trade surplus for the year ended September 2015. The total exports for the period totalled approximately NZD 69.0 billion, […]
 

NZ Treasure Backs Sugar Tax

Evidence prepared earlier this shows that taxes on sugary drinks would have an impact on obesity rates in New Zealand, especially among low-income earners. On November 19th the Treasury released a report on the potential feasibility of implementing several measures aimed at tackling the country’s growing obesity problem. The tax measures examined in the report […]
 

Home Detention for $1 Million Tax Evader

A director of two security companies in Wellington has been found guilty of dodging taxes of almost a million dollars. Last week the Wellington District Court a serial tax offender was sentenced to eight months home detention. Paul Cornel Coffey, a director of two security companies, was found guilty of 79 tax offenses, including failing […]
 

Reserve Bank Releases Financial Stability Report

The New Zealand financial system is generally in god health, but faces threats from falling dairy prices and a surging property market. On November 11th the Reserve Bank of New Zealand released its annual Financial Stability Report, detailing the national financial system and the risks it faces. It was noted that the national financial system […]