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The NZBR welcomes the opportunity to make this submission on the Issues Paper released by the Tax Review in June 2001. We consider the Issues Paper is a high quality document that sets out the principles that should guide tax policy development in a sound manner, clearly identifies the implications of applying those principles to the reform of the tax base, eco-taxation, tax rates, entity taxation, international tax and the tax treatment of savings and provides interested parties with an opportunity to comment on the Review's preliminary thoughts on options for reform. Read more

Corporate Social Responsibility (CSR) is a radical doctrine. It embodies a new and wider conception of the role of private business and the way in which it should be conducted. Read more

The issue of the best monetary arrangement for New Zealand was debated extensively at the end of the 1980s. The resulting Reserve Bank of New Zealand Act 1989 and the relatively light-handed regulation of the commercial banking sector were regarded by many economists as among the major achievements of the New Zealand institutional reform process of the 1980s and early 1990s. Read more

Statistics produced by Stern Stewart and the ANZ Bank on the destruction of shareholder value by New Zealand companies have attracted widespread publicity. They reinforce widespread anti-business sentiments.[1] One business magazine has interpreted them as a condemnation of "our scandalous management". Read more

At different stages from the late 1970s onwards, Organisation for Economic Cooperation and Development (OECD) countries, without exception, moved in the direction of market-oriented policies of economic reform. That is, they shifted from using public policy instruments, such as regulation or public ownership of enterprise, to a greater reliance on market mechanisms and incentives to increase economic welfare. Read more

The primary purpose of the tax system is to finance government expenditure. The level of government spending generally provides the best overall measure of the tax burden. Read more

The pre-funding proposal is largely an accounting exercise with no direct economic impact on the retirement income problem. As now spelled out, it is essentially a tax-smoothing scheme. Read more

We have made submissions on successive governments' Budget Policy Statements since their inception. This is because we believe that fiscal policy and the disciplines introduced by the Fiscal Responsibility Act 1994 are important for sound economic management and the quality of the communications between the government and the wider community, particularly the investment community. Read more

This collection of speeches, submissions and articles is the sixteenth in a series produced by the New Zealand Business Roundtable. The material in this volume is organised in six sections: economic directions; the public sector; industry policy and regulation; education and the labour market; social policy; and miscellaneous. Read more

Businesses up and down the country will have started the new year reflecting on the new millennium, the implications of the change of government, and the forces that are shaping the international environment in which New Zealand firms are increasingly operating. The world economy looks to be set for a good year. Read more