14-02-2025
New Zealand Must Address Its High Cost of Capital, Treasury Says
New Zealand needs to address its high cost of capital, which is a key driver of its poor productivity growth, Treasury Secretary Iain Rennie said.
In a keynote address at the New Zealand Economics Forum Friday in Hamilton, Rennie identified 'relatively high tax rates on businesses' as part of a policy landscape that discourages investment and the inflow of foreign capital.
