Summer chart series: How foreign owned NZ businesses perform much better than our own

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at how foreign owned businesses in New Zealand produce an average 26% return on equity, while New Zealand owned businesses produce an average 12% return on equity. The chart produced by IRD for the Tax Working Group shows the spread of returns on equity. It raises questions about why foreign owned businesses are so much more profitable and whether they pay a fair share of corporate taxes.