Following the release of last week's Budget, there's growing claims that Australians are looking across the Tasman with 'genuine envy'.

A recent article in The Australian claimed that with no capital gains tax, no stamp duty or land tax, and the opportunity to negatively gear, business owners and property investors have taken more interest in New Zealand as a result.

Australian independent economist Saul Eslake says this is likely just wishful thinking as a response to the recent Budget.

"People look over the ditch and see that New Zealand's top rate of 39 is lower than our top rate of 46...and that you don't really have a capital gains tax, other than on assets that are held for less than two years, so they might think that looks more attractive than Australia."

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Following the release of last week's Budget, there's growing claims that Australians are looking across the Tasman with 'genuine envy'.
A recent article in The Australian claimed that with no capital gains tax, no stamp duty or land tax, and the opportunity to negatively gear, business owners and property investors have taken more interest in New Zealand as a result.
Australian independent economist Saul Eslake says this is likely just wishful thinking as a response to the recent Budget.
"People look over the ditch and see that New Zealand's top rate of 39 is lower than our top rate of 46...and that you don't really have a capital gains tax, other than on assets that are held for less than two years, so they might think that looks more attractive than Australia."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Saul Eslake: Australian independent economist on the claims that the Budget is turning NZ into an Australian tax haven

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/95bac672-fed6-4fca-83fb-b44f00704d51/transcript

Grant Baker is one of the country’s best success stories. 

The Kiwi serial entrepreneur has had his hand in a number of pies but is best known for two companies – 42 Below and Turners.  

It’s a career that’s spanned decades, and that’s before you get to his philanthropic efforts and work in co-founding the Gut Cancer Foundation in 2008. 

He’s unravelling his career in his new book ‘No Pit Stops: The Business Of Going All In’, sharing stories of successes, setbacks, and lessons he’s learned.  

While Baker has always had a bit of entrepreneurial spirit, it wasn’t until he was in his thirties that things really kicked off. 

“My wife and I invested in property and those sorts of things, y’know, traditional Kiwi way, but we never got much traction,” he told Mike Hosking  

Baker's true journey began with an offer from Eric Watson to join him in building a “$100 million company” in the Blue Star Group. 

“When he laid out the opportunity, I just thought, well I’ve got to do something, I was in my mid-thirties at the time and thought if I don’t pull the trigger now, I never will.”  

And the rest, as they say, is history. 

LISTEN ABOVE 

Grant Baker is one of the country’s best success stories.&nbsp;
The Kiwi serial entrepreneur has had his hand in a number of pies but is best known for two companies – 42 Below and Turners. &nbsp;
It’s a career that’s spanned decades, and that’s before you get to his philanthropic efforts and work in co-founding the Gut Cancer Foundation in 2008.&nbsp;
He’s unravelling his career in his new book ‘No Pit Stops: The Business Of Going All In’, sharing stories of successes, setbacks, and lessons he’s learned. &nbsp;
While Baker has always had a bit of entrepreneurial spirit, it wasn’t until he was in his thirties that things really kicked off.&nbsp;
“My wife and I invested in property and those sorts of things, y’know, traditional Kiwi way, but we never got much traction,” he told Mike Hosking &nbsp;
Baker's true journey began with an offer from Eric Watson to join him in building a “$100 million company” in the Blue Star Group.&nbsp;
“When he laid out the opportunity, I just thought, well I’ve got to do something, I was in my mid-thirties at the time and thought if I don’t pull the trigger now, I never will.” &nbsp;
And the rest, as they say, is history.&nbsp;
LISTEN ABOVE&nbsp;

Grant Baker: NZ Businessman and Entrepreneur on his decades of success and failures, new book 'No Pit Stops: The Business Of Going All In'

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c98e7df6-3542-4ee5-a1f6-b450017355b4/transcript

Labour leader Chris Hipkins doesn't think the public much cares about which companies would be in the party's Future Fund. 

It won't be revealing key details - including the cost to the Crown and which state assets would go into it - until after voters go to the polls.

NZ Herald Wellington business editor Jenee Tibshraeny unpacked the reactions to this announcement.

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Labour leader Chris Hipkins doesn't think the public much cares about which companies would be in the party's Future Fund.&nbsp;
It won't be revealing key details - including the cost to the Crown and which state assets would go into it - until after voters go to the polls.
NZ Herald Wellington business editor Jenee Tibshraeny unpacked the reactions to this announcement.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the reactions to Labour's lack of info on the Future Fund policy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/037d7181-7663-4fe6-aeea-b4500081307b/transcript

The ongoing conflict in Iran has led to bond yields and interest rates going up all over the world, and it's prompted concerns among experts.

This will impact Kiwis as well, as many KiwiSaver portfolios have taken a hit as a result.

Milford Asset Management's Jeremy Hutton explained further.

LISTEN ABOVE

The ongoing conflict in Iran has led to bond yields and interest rates going up all over the world, and it's prompted concerns among experts.
This will impact Kiwis as well, as many KiwiSaver portfolios have taken a hit as a result.
Milford Asset Management's Jeremy Hutton explained further.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management expert on bond yields and interest rates going up

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b02f3082-ed96-4afc-8515-b450007c1aef/transcript

Saul Eslake: Australian independent economist on the claims that the Budget is turning NZ into an Australian tax haven

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