New Zealand’s dwindling investment in research and development (R&D) has seen it slip down a world table of 34 countries to sit almost at the bottom, according to the recently released Grant Thornton International Business Report (IBR) survey.
Wellington’s status as New Zealand’s high tech capital has been confirmed with the release of this year’s TIN100.
The TIN100 measures the performance of New Zealand’s largest export-focused technology companies.
Global anti-corruption group Transparency International has released a report on OECD Anti-Bribery Convention enforcement and called for New Zealand to implement draft legislation to ratify the United Nations Convention against Corruption.
Despite people working longer hours, New Zealand is facing a serious productivity problem, which Paul Kane, Partner, Privately Held Business at Grant Thornton New Zealand attributes to a laid back business culture in this country.
Jobs are being created in high-skill industries such as construction, IT and finance, but according to recruiting experts Hays the number of quality candidates is falling as competition for talent heats up.
Findings that New Zealand’s tax system is the second most competitive of all 34 OECD countries reflect changes that should be promoted more internationally, says Greg Thompson, Partner and National Director, Tax at Grant Thornton New Zealand.