The New Zealand dollar followed its Australian counterpart higher after the Reserve Bank of Australia cut interest rates in line with expectations and soothing fears the world’s 12th biggest economy could be in for a big fall as its mining boom peaks. The kiwi increased to 82.243 US cents at 8am in Wellington from 82.29 cents yesterday, following the Australian …

At the 15th round of negotiations for TPP in Auckland, two new negotiating partners – Canada and Mexico have joined the table. International Business Forum executive director Stephen Jacobi spoke to newzealandinc.com on the significance both nations had for New Zealand if they are brought into any future TPP agreement. Jacobi said Canada as an economy that was close to …

Revenue Minister Peter Dunne has jumped into the multinational tax row saying tax systems around the world are adjusting to corporate giants with huge internet footprints, but very little physical presence. Dunne has requested a report from Inland Revenue into the tax treatment of such companies. “Our tax laws need to evolve and they will. This is a challenge, and it …