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 …

GLOBAL MARKETS:  Another quiet session overnight with sentiment mixed and little in the way of key macro events to provide market direction. US fiscal cliff negotiations continue with President Obama rejecting the latest Republican counter-offer of US$800bn in reduced revenues. On the data front, the New York ISM surprised to the upside in November. US equities were a touch weaker ahead …