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News & Views

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Budget 2023 - Our view

In the shadow of Cyclone Gabrielle, this year's budget focuses on cost of living and cyclone and flooding recovery, with the sights being shifted and narrowed down on skills, science and infrastructure to help grow the economy and make it more productive and secure.

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$5 prescription charge axed

Good news for community pharmacies, as Budget 2023 removes $5 co-payment.

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New Zealand's only pair of Snow Leopards arrive at Wellington Zoo

Wellington Zoo is a not-for-profit conservation trust that cares for over 500 different animal species including large animals such as elephants, lions, tigers, right down to tarantulas.

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FBT on motor vehicles refresher

Calculating Fringe Benefit Tax (FBT) on motor vehicles can be complex, due to the various permutations that can exist depending on the use of the vehicle, its type and the approach adopted by the employer. As a result, it is very common for businesses to get the calculation wrong.

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Proposed amendment to directors’ duty

One of the fundamental director’s duties within the NZ Companies Act 1993 (‘the Act’) is to act in good faith and in what the director believes to be the best interest of the company. This has traditionally been interpreted to mean decisions should be aimed at maximising shareholder returns.

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Environmental correctness

The call for action regarding climate change and mitigating man’s negative impact on the planet is not new. However, there has been a shift in the last few years. It has moved from being a focus of ‘greenies’ and the ‘young’ to being accepted by the mainstream population as something that can no longer be ignored.

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Deductibility of holding costs for land

On 31 March 2023, Inland Revenue released a draft interpretation statement (PUB00417) addressing the deductibility of land holding costs - namely, interest, rates and insurance - and the relevance of whether the land is taxed on disposal. How will this affect you?

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North Island flooding events 2023 tax concessions

In response to the adverse weather events that hit in January and February this year, a number of tax concessions were released on 14 March 2023 in an attempt to provide some relief to those who were impacted.

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APAC Mid-market M&A Report Q3 | 2023

Mid-market M&A remains strong despite economic volatility

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A nudge gets Abby’s career off the ground

Abby Martin from Whanganui wanted to stay in Wellington after she completed her B Comm degree for the career opportunities a big city can provide. Now her career is underway with our Wellington firm. We share how that came to be.