"Warehouse and Briscoes make excessive profits "
windfall profits tax .....
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"Warehouse and Briscoes make excessive profits "
windfall profits tax .....
Bring back the Maximum Retail Price regime we once had
That’ll sort the crooks out
Funny how there never seems to be an issue for windfall government tax take.
The reason for high margins (overpricing) is the purchasing population is willing to accept it....NZers (which I'm one) grizzle and groan but then go down to the expensive stores and buys the stuff anyway. Then they expect the Government to be their Nanny and "knee jerk" to help us purchase more at a cheaper price. NZers expectation of a group of 120 people (Parliament) to help the team of 5 million fuel their consumer addiction at a cheaper price during the fading stages of an economic boom is bizzarre when the answer is hidden in plain site..
Mind you, slowing down Consumerism is not good for the likes of the Warehouse shares.. eh. .Of note, the NZRB is currently attempting this in an round about way.
The chart below shows WHS price at an important technical conjuncture
Attachment 13861
According to the article Minister Robertson indicated Aldi as a potential player in the supermarket space.
https://www.stuff.co.nz/business/300...-says#comments