Inland Revenue proposes changing tax treatment of loans companies issue to shareholders
Companies involved in property would likely be most affected. The change would only apply to companies owned by…
IRD Covid loan defaults hit $447m as 20,000 small firms fall behind
In addition, tens of billions of dollars’ worth of extraordinary government grants and loans, including the cashflow lending…
Microsoft NZ data centre unit swings to $33.6m profit as revenue jumps 61%
It also reported an income tax benefit of $16.6m versus its year-ago income tax expense of $28.2m. Notes…
Microsoft New Zealand sees strong revenue growth – turnover now double its 2021 level
Net profit rose 13% from $47.4m to $53.4m. Income tax expense was $17.9m from the year-ago $15.4m. The…
Deloitte Fast 50: Tracksuit named fastest-growing company of the year
“Their start-up mindset has allowed for fast growth, along with their agility and a focus on the people…
School uniform firm Sportclub collapses owing $1.5m to IRD, BNZ, NZRL
Liquidators detailed total assets valued at $22,086 at the time of the first report, with $21,192 in vehicles…
Private markets to account for more than half of global asset management industry revenues by 2030 – with global AuM to hit $200 trillion: PwC 2025 Global Asset & Wealth Management Report
Global assets under management to hit US $200 trillion by 2030
Under baseline projections, PwC research estimates global…
Election 2026: National’s KiwiSaver contribution proposal would lead Government to get more money from Employer Superannuation Contribution Tax
National is suggesting increasing employer contributions by 0.5% per year over four years, taking it from 4% in…
Starlink revenue surges as Spark’s market share slips in Commerce Commission report – Tech Insider
A measure of market trends “The market share of the incumbent provider, Spark, has decreased over the last…
Kiwi Property profit drops 77% as writedowns hit half-year result
Operating profit before tax rose 11.5% to $62.9m, reflecting income growth and disciplined cost management, the statement said.…
My Food Bag lifts revenue, trims debt as profit dips slightly
The number of active customers increased to 61,300, up from 60,100. My Food Bag declared a fully imputed…
Nvidia’s Grip on the AI Chip Business Is Strong, but How Long Can Its Dominance Last?
The large contracts won recently by the likes of AMD and Broadcom suggest that they can capture a…