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Te wiki o te tāke: Paying a fair share

The New Zealand Tax Podcast: Major tax cuts in the Australian Budget; the problem with Facebook; and Treasury suggests a capital gains tax as part of 'structural reform' ....

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Australian Dollar struggles as Aussie 10-year yield drops to a monthly low

Australian Dollar struggles as Aussie 10-year yield drops to a monthly low
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Australian Dollar remains below 0.6700 after mixed Aussie employment data

Australian Dollar remains below 0.6700 after mixed Aussie employment data
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Breakfast briefing: Surpluses and tax cuts now, deficits later

US sentiment and data better, Powell sings same tune; China sees insurance company stress; German sentiment up; Australia gets a pre-election budget; UST 10yr 4.45%; gold up and oil weaker; NZ$1 = 60.3 USc; TWI-5 = 69.6 ....

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USD broadly weaker, allowing the NZD to push up

Markets remain in a holding pattern ahead of key US CPI release. Much higher than expected US PPI in April, but only a short-lived market reaction, given downward revisions. Biden announces range of tariffs on Chinese imports ....

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