Businesses are failing as Government support ends and costs rise   The list of businesses that have been forced to close just four months into the year is growing, and a forensic accountant warns this is just the start of an anticipated spike in failures as the economic recession deepens. PwC head of business restructuring…

Wealthiest paying tax at much lower rate than most other New Zealanders – IRD report   According to IRD, the wealthiest families pay a lower tax rate on their total income than the middle class   According to an Inland Revenue survey, the wealthiest Kiwis pay about 10% tax when all income and GST are…

Hawke’s Bay earthquakes: ‘Severe’ quakes strike region, felt widely across North Island   According to the New Zealand Herald on the 26th of April, a magnitude 5.9 earthquake occurred in the Hawks Bay area of ​​the North Island of New Zealand at 10:15 am local time. A 5.3 magnitude earthquake occurred three minutes later, followed…

United Airlines announce direct Christchurch-San Francisco route   The US ‘United Airlines’ will operate a direct flight connecting Christchurch and San Francisco. On April 19th, United Airlines announced that it will operate a direct flight between the two cities using the ‘Boeing 787-8 Dreamliner’ model starting from December this year. As a result, United Airlines…