Despite the brave talk about "the final push" to finalise the Trans Pacific Partnership Agreement, it is becoming increasingly clear that there is little chance of any agreement which includes the United States. There remain huge differences between the US and almost all the other countries involved on points of major significance. Deputy PM Bill English urging the Americans to show leadership will not change the fact that the US does not have the political will to give ground anywhere to make gains elsewhere. The next meeting in Singapore is being described as the "final hurdle" at which the TPPA could fall, but to stretch the sporting analogy, it's more like those racing are still stuck in the mud at the first bend. Those who once argued that a better strategy was to get a comprehensive deal between a few like-minded countries, which other nations could then choose to join, are now saying "told you so".
Numbers game
If you ever wondered who gives the Inland Revenue Department tax advice, we are about to find out. The IRD is seeking tenders for an independent expert with international tax policy experience. It is probably always a good idea to run a fresh pair of eyes over a department's work, though one might assume Inland Revenue already has in-house expertise in this area. As IRD and other departments' staff numbers grow more quickly than expected, many are seeking consultants for a wider range of work, to keep their headcount down. It may not always be cost-effective, but it does avoid headlines about the expanding public service.
MPs' big read
Every now and then a piece of legislation comes along which is enough to make even the most studious MP's eyes water. Last decade it was the mammoth rewrite of the Income Tax Act. Now we have a new contender for the heftiest bill ever - the Judicature Modernisation Bill. It weighs in at 1182 pages and is the Government's response to the Law Commission's review of the Judicature Act 1908. It will never be a best-seller, but there are bound to be some lawyers already working out how to make money out of it.