Author: Press Room
Inland Revenue is planning to crack down on shareholders taking loans from companies, in a move that could hand some, particularly small businesses, an extra tax bill.Inland Revenue (IR) was asking for feedback on proposals to improve the way new loans by companies to shareholders are taxed.David Carrigan Inland Revenue deputy commissioner for policy, said it would bring New Zealand’s treatment of loans in line with other similar countries, while still allowing the normal business use of short-term drawings.”We recognise that most companies manage their loans to shareholders and drawings responsibly. However, the current rules can allow some loans to…
A $33,000 Fabergé egg pendant that was stolen and swallowed by an alleged thief last week has been recovered. Police were called to a store in central Auckland on Friday last week, after a man inside picked up the limited-edition Fabergé James Bond Octopussy Egg worth $33,585 and swallowed it. He was arrested shortly afterwards. Police confirmed to 1News this morning that the pendant had been recovered last night. The recovered Fabergé egg. (Source: Supplied)The 32-year-old was earlier remanded in custody to appear in the Auckland District Court on December 8, charged with theft. The locket – a nod to…
New Zealand sprinter and national 100m record-holder Eddie Osei-Nketia has officially switched his allegiance to Australia.The 24-year-old, who has not run for New Zealand in more than three years, will now compete for Australia.He last represented New Zealand in 2022 at the World Championships.Australian Athletics posted on Instagram to announce the news: “Welcome, Edward Osei-Nketia.””He has been lighting up Australian tracks for years but Edward Osei-Nketia is now officially eligible to represent Australia on the world stage, successfully completing his transfer of allegiance from New Zealand.”The 10.08-second man joins the nation’s rising sprinting stocks. This is going to be fun.”Osei-Nketia…
Prince Harry joked about US President Donald Trump in a surprise appearance on a late-night US TV show. The Duke of Sussex joined The Late Show with Stephen Colbert, who was discussing made-for-TV Christmas movies – loved by some and derided by others. Colbert was discussing a specific trope of the genre, where a foreign royal ends up in a small US town and falls in love. He stated it would be unrealistic to just run into a prince. Harry then appeared behind him to raucous applause. He said he was there to audition for “The Gingerbread Christmas Prince Saves…
One of New Zealand’s largest sporting events has been cancelled, with organisers of the Horse of the Year Show confirming the 2026 edition will not go ahead after they were unable to secure the funding needed.The announcement was made today by the Horse of the Year Board, which said increasing operational costs and a drop in commercial and trade revenue had left the March 2026 event financially out of reach. The show cost about $2.2 million to stage and was regarded as the pinnacle of the country’s equestrian calendar.Board chairperson Tim Aitken said the decision was “an incredibly tough call”…
A third person had been arrested over the murder of Kyle Whorrall, the US PhD student who was attacked in Auckland earlier this year. The 33-year-old was struck with a “large, bladed weapon” at a bus stop on St Johns Rd, in St Johns on April 19, sustaining “unsurvivable injuries” and later dying in hospital.Today, police revealed a second person had been charged with the murder of Whorrall, bringing the total number of those arrested in the wake of the brutal killing to three. Detective Inspector Glenn Baldwin said the investigation renewed its focus in September after new evidence was…
A man found sleeping in his car is facing serious charges after police discovered several illegal items in the vehicle while doing a welfare check in Auckland’s Sylvia Park.Police said they had initially found the man “slumped over the wheel” of his vehicle at around 3.30pm.Police Counties Manukau west area response manager Senior Sergeant Steve Albrey said officers wanted to ensure the man wasn’t experiencing a medical emergency and ascertain whether he needed any help.”However, as they approached the vehicle and looked in, they spotted a double-barrel shotgun, which was cocked open, and a broken meth pipe in the front…
Published on 04/12/2025 – 11:44 GMT+1 •Updated 18:19 Over two-thirds of Europeans believe their country would not be able to defend itself militarily against a Russian attack, a new poll has revealed just days after Vladimir Putin said his country is “ready right now” to take on Europe. Sixty-nine percent of the 9,500 respondents surveyed in nine European Union member states by pollster Cluster 17 for Le Grand Continent said they had no confidence in their country’s ability to successfully defend their territories against a Russian aggression. The country with the highest confidence in its military’s ability to take on…
Five new cases of measles have been confirmed by the Ministry of Health today.The total number of cases since October 8 is now 27 – 22 of which are no longer infectious.One of the five new cases iwas a person in Dunedin. Three were in Auckland, and one was in Waikato.The Ministry of Health called the increase in cases “concerning” and demonstrated the highly contagious nature of measles.”As we head into the summer season, we are especially encouraging people to check their immunisation status and get their MMR vaccination if required.”If travelling overseas, the ministry recommended vaccination anyone not already…
Two dozen humanitarian workers who participated in search and rescue operations on the Greek island of Lesvos from 2016-2021 have now begun their long-awaited trial. Once a paradisial tourist hotspot, Lesvos became the key entry point for individuals and small boats headed to Europe in 2015, a year which marked the peak of the continent’s migration crisis. More than 10 years on, the accused – 24 in total – face up to 20 years in prison for charges including alleged participation in a criminal organisation, facilitating the entry of third-country nationals into Greece and money laundering. While the trial focuses…