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Speaker 1: New research by A and Z shows eWeek owned commercial

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Speaker 1: entities are outpacing some of the country's largest corporations. The

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Speaker 1: data shows that Maori enterprises have fared better in the

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Speaker 1: economic downturn and are emerging in good shape. And it

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Speaker 1: follows an MB report earlier this year which showed the

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Speaker 1: Mari economy more than doubling in the five years to

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Speaker 1: twenty twenty three. So, doctor Jason Meeker is the professor

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Speaker 1: of Maori Management at Auckland University. Good mording to you,

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Speaker 1: Jason gold Andrew, what are they doing so well?

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Speaker 2: Well, I guess, I guess they're they're developing a scale,

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Speaker 2: a confidence and growing in their ability to you know,

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Speaker 2: to manage air sits and to grow sits of the

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Speaker 2: scale that they are. It's certainly it's through settlements. Tribes

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Speaker 2: are able to have been able to, you know, to

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Speaker 2: I guess, be in control of assets of that scale

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Speaker 2: that you know, and they and they're in the process

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Speaker 2: of really sort of catching up on a one hundred

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Speaker 2: and eighty years of development as a result of those settlements.

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Speaker 1: So many other many other, many many other you know,

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Speaker 1: other businesses, not Mali or e we led businesses. You know,

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Speaker 1: funded fund from the treaty settlements have had had terrible time,

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Speaker 1: but somehow Mary is doing well. And do they have

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Speaker 1: a trick to their business acumen?

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Speaker 2: Well, they're really they're really focused on being prudent, being

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Speaker 2: careful because you know, these settlements, these treaty settlements are

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Speaker 2: sort of full and final and this is there one shot.

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Speaker 2: So they they're really doing all they can to be careful,

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Speaker 2: to be but also to be innovative in terms of

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Speaker 2: how they manage these So they're increasingly being I guess

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Speaker 2: sort of taking the more hands on approach to managing

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Speaker 2: their assets, initially starting out as cash exits, but being

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Speaker 2: more involved in actively managing their assets and as a

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Speaker 2: result getting better. At ten.

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Speaker 1: They also have Maria authorities benefit from a concessionary tax

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Speaker 1: rate of seventeen and a half percent. Now that's lower

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Speaker 1: than the standard company tax rate. So is this actually

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Speaker 1: a proof that a lower corporate tax rate actually helps business?

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Speaker 2: The minor authority tax rate is lower than the standard

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Speaker 2: corporate tax rate because the you know, the beneficiaries that

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Speaker 2: their own shares and interests in Mardi Land tend to

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Speaker 2: have a lower marginal tax rate, and so it makes

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Speaker 2: sense for them to ev a concessionary text rate, and

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Speaker 2: so you know that's definitely of assistance to mary authorities

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Speaker 2: who are administering mary Land, which has a lot of

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Speaker 2: other kinds of challenges associated with it, including difficulties in

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Speaker 2: terms of access in finance and raising debt on Marty Land.

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Speaker 2: So you know, that's that's why we sort of have

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Speaker 2: that sort of different approach to mary authority tax rate.

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Speaker 1: Jason, thank you so much for your insight today. And yes,

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Speaker 1: I've had a bit to do with Tai Nui and

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Speaker 1: yet they do actually manage their assets very well. A

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Speaker 1: load of people are texting me right now. While if

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Speaker 1: you don't pay tax, obviously it's really easy for business.

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Speaker 1: But as I point out, Mario authorities are subject to

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Speaker 1: income tax laws like everybody else. They must file annual

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Speaker 1: income tax returns. Yes they do have a special concessionary

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Speaker 1: tax rate of seventeen point five percent, but yeah, they're

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Speaker 1: going for it, and that's that's a good thing for everyone.

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