Economy & Tax

Analysis of additional costs facing a medium-sized company as a result of policy decisions during the electoral term Nov 1999 - Nov 2002

Business NZ's scorecard for the route to regaining a place in the OECD top 10.

Supportive of the majority of the changes proposed in the Bill but noted that some of the changes proposed would not be necessary if the Government was willing to give greater recognition to business concerns with underlying tax principles. Concern expressed at use-of-money interest rates for provisional tax and the excessive pursuit of tax revenue through FBT resulting in high compliance costs. Need fundamental review of these policies rather than further incremental changes to tax legislation.