I read with interest that the NZ economy is running a tidy little surplus.
Any ideas on how they’re managing to pull this off? Did the rebuilding of Christchurch really give their economy that big a shot in the arm?
What’s their secret?
higher GST didn’t ruin them
I’ve no idea, but a Kiwi mate of mine who finished his MBA few years ago headed back there from Brissie recently.
His opinion was there’s no political leadership here and all we know how to do is dig dirt out of the ground.
He thought NZ had a much brighter future.
pommiejohn said:
I’ve no idea, but a Kiwi mate of mine who finished his MBA few years ago headed back there from Brissie recently.
His opinion was there’s no political leadership here and all we know how to do is dig dirt out of the ground.He thought NZ had a much brighter future.
Wot? shagging sheep?
Dropbear said:
I read with interest that the NZ economy is running a tidy little surplus.Any ideas on how they’re managing to pull this off? Did the rebuilding of Christchurch really give their economy that big a shot in the arm?
What’s their secret?
From reading the comments over on the Gran about John Keys retirement it apparently had nothing to do with him. By all accounts he is a total flog.
sibeen said:
Dropbear said:
I read with interest that the NZ economy is running a tidy little surplus.Any ideas on how they’re managing to pull this off? Did the rebuilding of Christchurch really give their economy that big a shot in the arm?
What’s their secret?
From reading the comments over on the Gran about John Keys retirement it apparently had nothing to do with him. By all accounts he is a total flog.
What does “total flog” mean in this context?
Bubblecar said:
sibeen said:
Dropbear said:
I read with interest that the NZ economy is running a tidy little surplus.Any ideas on how they’re managing to pull this off? Did the rebuilding of Christchurch really give their economy that big a shot in the arm?
What’s their secret?
From reading the comments over on the Gran about John Keys retirement it apparently had nothing to do with him. By all accounts he is a total flog.
What does “total flog” mean in this context?
It means more than a partial flog.
Bubblecar said:
sibeen said:
Dropbear said:
I read with interest that the NZ economy is running a tidy little surplus.Any ideas on how they’re managing to pull this off? Did the rebuilding of Christchurch really give their economy that big a shot in the arm?
What’s their secret?
From reading the comments over on the Gran about John Keys retirement it apparently had nothing to do with him. By all accounts he is a total flog.
What does “total flog” mean in this context?
useless.
Bubblecar said:
sibeen said:
Dropbear said:
I read with interest that the NZ economy is running a tidy little surplus.Any ideas on how they’re managing to pull this off? Did the rebuilding of Christchurch really give their economy that big a shot in the arm?
What’s their secret?
From reading the comments over on the Gran about John Keys retirement it apparently had nothing to do with him. By all accounts he is a total flog.
What does “total flog” mean in this context?
It’s the long form of totes flog.
Bubblecar said:
sibeen said:
Dropbear said:
I read with interest that the NZ economy is running a tidy little surplus.Any ideas on how they’re managing to pull this off? Did the rebuilding of Christchurch really give their economy that big a shot in the arm?
What’s their secret?
From reading the comments over on the Gran about John Keys retirement it apparently had nothing to do with him. By all accounts he is a total flog.
What does “total flog” mean in this context?
to flog = to masturbate
A complete wanker in other words. Someone with a vastly overestimated sense of their own greatness.
party_pants said:
to flog = to masturbateA complete wanker in other words. Someone with a vastly overestimated sense of their own greatness.
OTOH, I’m sure that plenty of people who masturbate manage to maintain a realistic self-image.
Bubblecar said:
party_pants said:
to flog = to masturbateA complete wanker in other words. Someone with a vastly overestimated sense of their own greatness.
OTOH, I’m sure that plenty of people who masturbate manage to maintain a realistic self-image.
Perhaps I should clarify. Masturbation itself is not the problem if you’re thinking about somebody else, it’s thinking about yourself in order to pleasure yourself that’s the issue.
Bubblecar said:
party_pants said:
to flog = to masturbateA complete wanker in other words. Someone with a vastly overestimated sense of their own greatness.
OTOH, I’m sure that plenty of people who masturbate manage to maintain a realistic self-image.
And people who don’t wank proly don’t know how?
Here’s the NZ government’s own economy spiel:
…..We’re ranked by the World Bank as the easiest place in the world to start a business (2015) and the world’s second easiest country to do business in generally.
The Heritage Foundation rated New Zealand the world’s third freest economy in its 2015 Index of Economic Freedom, just behind Hong Kong and Singapore.
There are few restrictions on establishing, owning and operating a business here. In fact, by using the government’s online portals the official paperwork to set up a business can be completed in a matter of hours.
New Zealand came in third in Forbes’ ‘Best Country for Business’ report, (December 2014) just behind Denmark and Hong Kong.
Forbes commented that “Over the past 20 years the government has transformed New Zealand from an agrarian economy dependent on concessionary British market access to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes and broadened and deepened the technological capabilities of the industrial sector.”
…..Like most OECD countries, New Zealand’s economy experienced an economic slow-down following the global financial crisis in September 2008. As in other advanced economies, business and consumer confidence declined. Unlike most OECD countries however, after a 2% decline in 2009, the economy pulled out of recession. It achieved 1.7% growth in 2010, 2% in 2011 and 3% in 2012. That compared with 0.3% growth in the UK and negative 0.9% in the euro area; 0.4% in Japan; 1.1% in Canada; and 1.6% in the USA.
Recovery was led mainly by exports, while relatively strong Government accounts and a well-capitalised banking system provided a stable base for the economy. These positives were supported by the continued boost to GDP from the rebuilding of Christchurch after earthquakes there in 2010 and 2011.
More: https://www.newzealandnow.govt.nz/investing-in-nz/opportunities-outlook/economic-overview
OK, so easiest place in the world to start a business… how about keeping one going?
Divine Angel said:
OK, so easiest place in the world to start a business… how about keeping one going?
I’d imagine they’re much the same as Oz, with most new businesses failing after a short stab at it.
Bubblecar said:
Here’s the NZ government’s own economy spiel:…..We’re ranked by the World Bank as the easiest place in the world to start a business (2015) and the world’s second easiest country to do business in generally.
The Heritage Foundation rated New Zealand the world’s third freest economy in its 2015 Index of Economic Freedom, just behind Hong Kong and Singapore.
There are few restrictions on establishing, owning and operating a business here. In fact, by using the government’s online portals the official paperwork to set up a business can be completed in a matter of hours.
New Zealand came in third in Forbes’ ‘Best Country for Business’ report, (December 2014) just behind Denmark and Hong Kong.
Forbes commented that “Over the past 20 years the government has transformed New Zealand from an agrarian economy dependent on concessionary British market access to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes and broadened and deepened the technological capabilities of the industrial sector.”
…..Like most OECD countries, New Zealand’s economy experienced an economic slow-down following the global financial crisis in September 2008. As in other advanced economies, business and consumer confidence declined. Unlike most OECD countries however, after a 2% decline in 2009, the economy pulled out of recession. It achieved 1.7% growth in 2010, 2% in 2011 and 3% in 2012. That compared with 0.3% growth in the UK and negative 0.9% in the euro area; 0.4% in Japan; 1.1% in Canada; and 1.6% in the USA.
Recovery was led mainly by exports, while relatively strong Government accounts and a well-capitalised banking system provided a stable base for the economy. These positives were supported by the continued boost to GDP from the rebuilding of Christchurch after earthquakes there in 2010 and 2011.
More: https://www.newzealandnow.govt.nz/investing-in-nz/opportunities-outlook/economic-overview
But to the armchair experts, he is still a big wanker. :)
Might be a good idea for any country wanting to boost GDP. Just destroy one of your cities with a controlled demolition, then rebuild it.
Bubblecar said:
Might be a good idea for any country wanting to boost GDP. Just destroy one of your cities with a controlled demolition, then rebuild it.
No need, just keep letting legal immigrants in while doing while building no infrastructure, GDP looks good.
NZ doesn’t try to scare off tourists with tales of bitey things and dropbears.
Ian said:
NZ doesn’t try to scare off tourists with tales of bitey things and dropbears.
In NZ, a french tourist ends up in court after having a hissy fit about not being picked up while hitch hiking, or something = good publicity
In Aus, a french tourist gets randomly stabbed and dies = not so good publicity…
NZ used to be Australia’s special cousin, now its the reverse
They have (or at least used to have when I lived there) a far more efficient tax system
diddly-squat said:
They have (or at least used to have when I lived there) a far more efficient tax system
In what way?
Bubblecar said:
Might be a good idea for any country wanting to boost GDP. Just destroy one of your cities with a controlled demolition, then rebuild it.
The Syrians are going to be rich, richer than weather girls.
sibeen said:
diddly-squat said:They have (or at least used to have when I lived there) a far more efficient tax system
In what way?
If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009 and 33% on 1 October 2010) and corporate income tax rate from 48% to 33% (changed to 30% in 2008 and to 28% on 1 October 2010). Goods and services tax was introduced, initially at a rate of 10% (then 12.5% and now 15%, as of 1 October 2010).
—————————————————-
One word, tax reform.
sibeen said:
diddly-squat said:They have (or at least used to have when I lived there) a far more efficient tax system
In what way?
higher GST and a far simplier income tax system – there were effectively no deductions or subsidies, just PAYE… with no mandatory need to complete a return at the end of the tax year.
Peak Warming Man said:
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009 and 33% on 1 October 2010) and corporate income tax rate from 48% to 33% (changed to 30% in 2008 and to 28% on 1 October 2010). Goods and services tax was introduced, initially at a rate of 10% (then 12.5% and now 15%, as of 1 October 2010).
—————————————————-One word, tax reform.
I’m no tax lawyer, but I think that’s 2 words…
diddly-squat said:
sibeen said:
diddly-squat said:They have (or at least used to have when I lived there) a far more efficient tax system
In what way?
higher GST and a far simplier income tax system – there were effectively no deductions or subsidies, just PAYE… with no mandatory need to complete a return at the end of the tax year.
What does Aus do? Have 5 tax reviews and do nothing with them.
poikilotherm said:
diddly-squat said:
sibeen said:In what way?
higher GST and a far simplier income tax system – there were effectively no deductions or subsidies, just PAYE… with no mandatory need to complete a return at the end of the tax year.
What does Aus do? Have 5 tax reviews and do nothing with them.
And then you’ve got the States and the local councils bickering.
Abolish the states.
poikilotherm said:
diddly-squat said:
sibeen said:In what way?
higher GST and a far simplier income tax system – there were effectively no deductions or subsidies, just PAYE… with no mandatory need to complete a return at the end of the tax year.
What does Aus do? Have 5 tax reviews and do nothing with them.
well, we shit the bed… that’s what we do…
we of course also had a change to have an effective MRRT and ETS as well… bot of which have been scrapped…
bet the ScoMo is kicking himself now with the increase in commodity prices….
diddly-squat said:
poikilotherm said:
diddly-squat said:higher GST and a far simplier income tax system – there were effectively no deductions or subsidies, just PAYE… with no mandatory need to complete a return at the end of the tax year.
What does Aus do? Have 5 tax reviews and do nothing with them.
well, we shit the bed… that’s what we do…
we of course also had a change to have an effective MRRT and ETS as well… bot of which have been scrapped…
bet the ScoMo is kicking himself now with the increase in commodity prices….
Then keep sleeping in it.
Idiots.
The douche bags have gone after the LNG white elephants…no profits to be had there, dickheads.
It turned around pretty quickly too.
I don’t know the fundamental cause.
But still … Having a comprehensive Emissions Trading Scheme doesn’t seem to have slowed them down.
in fairness though… I do believe that their social security program isn’t anything to write home about…
Peak Warming Man said:
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009 and 33% on 1 October 2010) and corporate income tax rate from 48% to 33% (changed to 30% in 2008 and to 28% on 1 October 2010). Goods and services tax was introduced, initially at a rate of 10% (then 12.5% and now 15%, as of 1 October 2010).
—————————————————-One word, tax reform.
Two words
dv said:
It turned around pretty quickly too.I don’t know the fundamental cause.
But still … Having a comprehensive Emissions Trading Scheme doesn’t seem to have slowed them down.
No heavy industry, they don’t GAF about emissions
Dropbear said:
dv said:
It turned around pretty quickly too.I don’t know the fundamental cause.
But still … Having a comprehensive Emissions Trading Scheme doesn’t seem to have slowed them down.
No heavy industry, they don’t GAF about emissions
“ Large scale manufacturing industries include aluminum production, food processing, metal fabrication, wood and paper products. Mining, manufacturing, electricity, gas, water, and waste services accounted for 16.5% of GDP in 2013”
poikilotherm said:
Dropbear said:
dv said:
It turned around pretty quickly too.I don’t know the fundamental cause.
But still … Having a comprehensive Emissions Trading Scheme doesn’t seem to have slowed them down.
No heavy industry, they don’t GAF about emissions
“ Large scale manufacturing industries include aluminum production, food processing, metal fabrication, wood and paper products. Mining, manufacturing, electricity, gas, water, and waste services accounted for 16.5% of GDP in 2013”
16.5% is hardly a large slice of the pie for all of that…
Aluminium production sounds thirsty.. The others, meh
Dropbear said:
Aluminium production sounds thirsty.. The others, meh
I’m surprised there is aluminium production in NZ.
This weeks fuckup by Ausnet may mean the end of smeltering in Oz. If so it will screw the town of Portland right over.
Peak Warming Man said:
poikilotherm said:
diddly-squat said:higher GST and a far simplier income tax system – there were effectively no deductions or subsidies, just PAYE… with no mandatory need to complete a return at the end of the tax year.
What does Aus do? Have 5 tax reviews and do nothing with them.
And then you’ve got the States and the local councils bickering.
Abolish the states.