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Economy

Power outages across Venezuela causing misery for millions

Opposition leader Juan Guaido is under investigation for sabotaging the power grid, despite staunch support from U.S. government

Britain's Prime Minister Theresa May leaves Downing Street after a cabinet meeting at in London, Tuesday, Jan. 29, 2019. Britain's Parliament is set to vote on competing Brexit plans, with Prime Minister Theresa May desperately seeking a mandate from lawmakers to help secure concessions from the European Union.

Theresa May warns lawmakers that Brexit may not happen if they reject agreement again

The UK Prime Minister also implored the EU to help her make "one more push" to get the agreement through a sceptical Parliament.

Watch: Ardern praises Bridges' 'Wikipedia' skills after his jibe at her 'socialist youth' past during small business tax debate

The exchange led to Gerry Brownlee being kicked out of Parliament for making an interjection.

01:30
The Opposition says it’s crunched the numbers and farmers would be in for a hammering if such a tax is implemented.

A capital gains tax would be a 'raid on regional New Zealand', National Party tells farmers

In Otago today, farmers met with National's agriculture spokesperson Nathan Guy who warned a suite of new taxes could be on the way.

Capital gains tax: 'New Zealand is joining the modern world,' academic says

Academics from Australia, Canada and the UK all said it was no longer controversial and had become an accepted part of their taxation systems.

05:10
The finance spokesperson said that was the message the tax recommendations were sending to hard working Kiwis.

Tax recommendations: A 'level playing field' or attacking the Kiwi way of life?

The Government are working through the latest report for possible tax changes.

02:59
Whena Owen looks at the real implications the tax would have on New Zealanders.

Q+A: The impact of a capital gains tax on the 'Kiwi way of life'

The TVNZ1 show spoke with New Zealanders who support and others who oppose a possible new tax on property sales.

Mr Brash was due to speak at the university, but had his speech cancelled by Jan Thomas.

Don Brash hits out at Tax Working Group for recommending 'race-based' discounts

Don Brash says the recommendations show that the Tax Working Group believes that Māori can’t achieve without a tax break.

06:43
The breadth of the capital gains tax proposed to the Government by the Working Group has surprised KPMG tax partner Bruce Bernacchi.

Capital gains tax proposal one of the world's 'most comprehensive and toughest', says tax expert

KPMG tax partner Bruce Bernacchi partner believes the proposal is too tough to be put in place in its current form.

05:40
The finance minister told TVNZ1’s Breakfast he would be working with the group on a balanced tax system

Grant Robertson says Kiwis will effectively get to vote on any tax reform in next election

The Finance Minister reiterated on TVNZ1's Breakfast that the Government has not committed to anything.

02:35
The capital gains tax debate got the most attention today, but the report had plenty of other suggestions.

Environmental taxes on the table in what could be NZ's biggest tax system shake-up in 30 years

Sir Michael Cullen, Tax Working Group Chairman, says the goal is to get people paying, who use our biggest roads.

02:34
The Prime Minister says she’s ‘not ruling anything in or out,’ including implementing a capital gains tax.

John Armstrong's opinion: Failure to deliver capital gains tax would see Ardern reduced to a laughing stock

It's the right thing to do, but it's long been thought the fastest means of committing political suicide, our columnist says.

03:48
The Tax Working Group suggested the controversial tax on investment properties in a report released today.

New Zealanders divided over possible capital gains tax, but majority could be swayed, poll finds

The results of the latest 1 NEWS Colmar Brunton Poll are revealed, showing what Kiwis think of the capital gains tax.

Winston Peters says not just 'selfish egotistical' people with 'vested interest in property' to have say on capital gains tax

His comments came as Paula Bennett raised questions about the Tax Working Group recommendations in Parliament.

Leader Simon Bridges says “rolling tax relief” would allow New Zealanders to keep more of what they earn.

Simon Bridges says Tax Working Group findings a 'declaration of war' against farmers

Mr Bridges says the recommendations go much further then just a capital gains tax and will affect "all hard-working New Zealanders".

The Tax Working Group has recommended that checks are made on charities to ensure they are spending their tax exclusions on charitable purposes.

Tax Working Group recommends keeping an eye on how charities are spending their tax savings

There were calls and petitions last year for the Government to remove tax breaks given to religious charities like Sanitarium and Destiny Church.

02:34
The Prime Minister says she’s ‘not ruling anything in or out,’ including implementing a capital gains tax.

Jacinda Ardern not 'ruling anything in or out' after capital gains tax recommended by Working Group

The PM says the coalition Government will "take a little bit of time" to build some consensus over potential tax reform.

02:07
But critics have pointed out the study was commission by an oil and gas industry group.

Government's oil and gas ban could cost country $28b, new economic analysis finds

But Energy Minister Megan Woods disputed the report's predictions, pointing out it was commissioned by a lobbyist group.

02:39
A 100 per cent interest and fees cap is among moves to stop the vulnerable spiralling into debt.

Salvation Army launches first ethical shopping truck in NZ, aimed at curbing predatory lending

The Good Shop, based in South Auckland, is a roving truck offering access to honest financial advice and quality goods with no added interest.

04:50
The National Party leader accused Winston Peters of acting “cowboy-like” as New Zealand experiences tensions with China.

Bridges accuses Ardern of not taking ownership of 'cowboy-like' Winston Peters amid strained NZ-China relationship

The National Party leader talked about "the deterioration in our relationship," on TVNZ1's Breakfast today.

A salmon in New Zealand's Marlborough Sounds.

New Zealand seafood exporter Sanford's shipments delayed at China ports

A Sanford spokesperson said they have not been given a reason for the delays by local authorities.

01:57

Single mum paying $25,000 to debt collectors for $8000 car that she no longer owns

A survey of budgeting services has found more than a quarter of their clients have crippling high-interest loans.

01:50
A group looking at our tax system has put two options on the table.

John Armstrong's opinion: Labour's capital gains tax push is political Russian roulette

Before worrying about public opinion, Grant Robertson must first worry about convincing Winston Peters, our columnist says.

05:26
"The Government is raking in a lot of extra tax on the quiet," said Tax specialist Terry Baucher.

New Zealand's tax rates 'absolutely' need to change – expert

"The Government is raking in a lot of extra tax on the quiet," says specialist Terry Baucher.

00:46
Jacinda Ardern expects the negotiations to go beyond 2019 despite Europe's goal of a deal being completed this year.

Jacinda Ardern eager to secure $20 billion European Union free trade deal 'as soon as possible'

The Prime Minister has flagged agriculture as a vital component of the negotiations.

01:19
The Prime Minister made the comments from the World Economic Forum in Davos, Switzerland.

Improving 'well-being of New Zealanders across generations' will be criteria for Budget policy funding – Jacinda Ardern

"We need to look more broadly about what success means," the PM said from Davos, Switzerland.

04:44
Executive Director Rachael Le Mesurier says measures should be put in place by the government to equalise wealth.

Oxfam report shows rich Kiwis getting richer as poorest 'miss out'

The richest five per cent of New Zealand's population now collectively owns more wealth than the poorest 90 per cent.

04:36
Economist Shambeel Eaqub says our economy depends on the “Chinese engine running strongly”.

Slow down in China could have 'very big impact' on New Zealand economy

That's according to economist Shambeel Eaqub who told TVNZ1's Breakfast our economy is "very deeply connected to China's".

Later New Zealand’s Prime Minister attended a high level security meeting with the Five Eyes Intelligence Sharing Alliance.

New Zealand committed to 'even closer' relations with Britain no matter the outcome of Brexit - Ardern

Writing for The Telegraph, the PM spoke of her desire for a free trade agreement with Britain.

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