The IMF suggested the personal income and corporate tax rates could be cut, and a comprehensive capital gains or land tax introduced. Inflation is pushing low to middle-income earners into high tax brackets. As for interest rates, the IMF warned there was a risk the Reserve Bank of New Zealand (RBNZ) would need to raise the official cash rate (OCR) even more. On the flipside, it said rising net migration could ease labour constraints, which could lower inflation and bring interest rates down more quickly than expected. In fact, the IMF said financial stress caused by high interest rates should be addressed through financial stability tools like LVR rules.

Luxon says his comments were referring to Labour Government and that NZ has amazing people. Photo / Alex CairnsNational leader Christopher Luxon has declared himself a patriot and distanced himself from his comments calling New Zealand a “wet, whiny” country. When asked about how his policy may breach this right Luxon said: “I don’t care. If caught showing gang colours in public, members of 46 alleged WA gangs can face up to a year in jail and fines between roughly NZ$13,000 to $67,000. Luxon made announcements on banning gang patches and giving police power to issue dispersal notices in June last year.

A woman driving to Dunedin woke up in a paddock with no memory of how she got there. Senior Sergeant Anthony Bond, of Dunedin, said the 58-year-old woman was on her way back to Dunedin from Waimate on State Highway 1 when she fell asleep behind the wheel at 10pm on Monday. When police found her she said she woke up in the paddock and could not remember how she got there. She was assessed by Hato Hone St John ambulance staff and had sustained no injuries, Snr Sgt Bond said. Her car, which remained in the paddock overnight, was be towed away yesterday.

Bansari Patel’s sticky hands after preparing mangoes (Image: Supplied)For 23 years, mangoes were a beloved part of Patel’s life. “Compared to Indian mangoes, nothing comes close.” The mangoes she tried were “stringy” or “crunchy”. The Indian mangoes that do arrive come in trays of six or 12, tenderly packed in foam to stop them from bruising. Most New Zealand mangoes come from Australia, México and Perú. I found her in a social media group, asking if anyone knew where to get Indian mangoes.

While the price of goods and services has risen sharply, big business profits are not to blame for inflation in this country, a new report suggests. In Australia, a think tank found profits were a big driver of recent inflation. Sense Partners economist Shamubeel Eaqub said there was no evidence of widespread increases in profit margins driving up inflation in New Zealand. He said there had been periods where profit margins had grown substantially, especially after the mid-1980s economic reforms through to around 2000. "This report uses data from StatsNZ to show that increased profits are not driving inflation and that profits are actually leaner than they were pre-Covid.

The Government will devolve the authority to make decisions about where pine forests can be planted to local councils. This concerns the Climate Change Commission which thinks carbon offsets may be less effective at preventing climate change in the long term, compared with gross reductions. For example, Canada’s pine forests are becoming a net source of carbon emissions due to forest fires and insect outbreaks. Today, the Labour government has granted some of what Kirton requested by giving councils’ the authority to determine where, and how much, carbon forestry can occur. Local councils will be empowered to decide which land can be used for plantation and carbon forests through the resource consent process.

The Independent Electoral Review out today has included a recommendation to ‘affect the Treaty of Waitangi andPrinciples’ and make it one of the Act’s ‘explicit objectives’. What ‘principles’ are they talking about exactly? Our Electoral Act is the foundation of unwavering equality for every New Zealander

The Opposition leader Christopher Luxon says New Zealand needed its "mojo" back. National Party leader Christopher Luxon says New Zealand is a "country of endless potential", after being asked about his comments that New Zealand had become a "very negative, wet, whiny, inward-looking country". Luxon made the "wet" comments on Monday while he was in Helensville announcing the National Party's new agricultural emissions policy. He can be heard on a 1News video then telling farmers: "We have become a very negative, wet, whiny, inward-looking country and we have lost the plot." Asked on Tuesday if that's how he felt about New Zealand, Luxon said, "no, I think this is a country of endless potential".

Here's our summary of key economic events overnight that affect New Zealand, with news inflation seems to be in retreat in all major economies. But excluding food and energy costs, American inflation was up +5.3%, so inflation clearly isn't beaten yet. Faster-falling inflation levels, no matter which index you choose to watch, does support the idea that the Fed may choose to pause its current cycle of monetary tightening. German economic sentiment also stopped falling in the latest ZEW survey. But the NZ Government 10 year bond rate is still at 4.55%, and little-changed.

Business of MediaNetwork 10 asks AFP to investigate ‘leaking’ of evidence in Bruce Lehrmann trialFederal police have been asked to investigate the alleged leaking of evidence from the trial of Bruce Lehrmann to the media, reports The Guardian’s Nino Bucci. “The AFP yesterday confirmed the complaint had been received for consideration.”[Read More]How is the US writers’ strike affecting TV and movie writers working in Australia? SBS told me of the decision via email, saying it wanted to put its focus on streaming services. The wording on the site was updated 24 hours later: “SBS Voices is no longer commissioning new content, but you can continue to explore all of the stories and perspectives shared at sbs.com.au/voices.”In a statement sent to this masthead, an SBS spokesperson said: ““SBS has made the decision to no longer continue with SBS Voices. “Since its launch, first as SBS Life and then later as SBS Voices, the site has provided a unique online platform for under-represented writers in the media, particularly those who are culturally and linguistically diverse.

The Hamilton mum who says she is being effectively kept prisoner in her home by Kāinga Ora “neighbours from hell” has given an emotional radio interview revealing the true toll of her ongoing battle with the agency to remove neighbours who regularly threaten and abuse her and her family. The solo mother-of-four has lived with the neighbours for years, repeatedly complaining to Kāinga Ora, and has stayed strong for her kids. She says Kāinga Ora should buy her out. The video, posted on May 14, shows her mother, who was visiting the home, being confronted by the Kāinga Ora tenants after she asked them to turn down their music. Park told the Herald that police had told her that the man was under the influence of methamphetamine.

Donald Trump has become the first former US president to face a judge on federal charges, pleading not guilty in a Miami courtroom overnight to allegations he hoarded classified documents. Trump faces 37 felony counts that accuse him of wilfully retaining classified records that prosecutors say could have jeopardised national security if exposed, and trying to hide them from investigators who demanded them back (AP). According to the indictment, Trump hoarded hundreds of classified documents in non-secure places, including details on US nuclear programs and defence capabilities (CBS). The indictment alleges that Trump showed sensitive documents to others on at least two occasions, telling the individuals that the plan was “highly confidential” and “secret”. Trump used his Truth Social platform to claim — without evidence — that investigators planted documents in his home, declaring “they taint everything that they touch, including our country, which is rapidly going to HELL!”It comes as Truth Social opens up to Australian users, after the removal of geoblocking that prevented citizens from most countries from accessing the website (Crikey).

Training for authorised officers varies but typically is shorter and less intensive than the 16-week training course required for constabulary officers. Cahill said while authorised officers were always part of the plans Cabinet agreed to in 2018, to call all new officers “frontline” and “on the beat” was misleading. When asked directly by NZME if labelling all 1800 new officers as “frontline” was misleading, she replied: “The Government’s commitment has always included authorised officers. Growing demand for frontline policeAs reports of retail and violent crime increase, Cahill said that demand for frontline officers had grown significantly. There are currently 10,184 constabulary officers and 525 authorised officers, making up the total force of 10,709.

nzherald.co.nz published this video item, entitled “Rotorua Girls’ High hosts women’s Chiefs | Local Focus” – below is their description. Rotorua Girls’ High was one of eight secondary school teams selected to take part in the 2degrees Womentorship programme, giving female players a glimpse into life as a professional athlete. Full story: https://bit.ly/lf1597Public Interest Journalism funded through NZ On Air. Subscribe and be notified of breaking news: https://goo.gl/LP45jXCheck out our playlists: https://goo.gl/Swd249Like NZ Herald on Facebook: https://goo.gl/tUC4oqFollow NZ Herald on Instagram: https://goo.gl/oLicXeFollow NZ Herald on Twitter: https://goo.gl/Wi6mbvnzherald.co.nz YouTube Channel

Written By: notices and features - Date published: 5:30 pm, June 13th, 2023 - 18 commentsCategories: Daily review - Tags:Daily review is also your post. This provides Standardistas the opportunity to review events of the day. The usual rules of good behaviour apply (see the Policy). Don’t forget to be kind to each other …Share this: TwitterFacebook