National focuses on jobs and growth with
packagePrime Minister, Hon John Key
Prime Minister John Key today unveiled the Government's
small-business relief package to help lighten the load on the small
and medium-sized businesses which employ many New Zealanders.
The package has five parts: a suite of 11 tax changes costing
$480 million, an expansion to the export credit scheme, extended
jurisdiction for the Disputes Tribunal, expansion of business
advice services, and a prompt-payment requirement for government
agencies.
"The tax changes will cost $480 million over the next four
years. That means nearly half a billion dollars of benefit to New
Zealand businesses.
"The package as a whole is aimed at urgently improving the
business environment by reducing the impact of taxes on firms'
cashflows, improving firms' access to credit, and reducing business
compliance costs.
"I want to lighten the load on small and medium-sized
businesses. Improving the environment for business, and therefore
jobs and growth, is a long-term undertaking for this
Government.
"That task has become even more pressing thanks to New Zealand's
current economic predicament.
"The package I'm announcing today is part of the Government's
Jobs and Growth Plan, and there is more to come as part of that
plan.
"The plan is all about keeping the economy running as strongly
as possible, easing the sharpest impacts of the recession and
preparing our economy for future growth."
Prime Minister John Key:
Small Business relief package
Hon Bill English and Hon Peter
Dunne:
Tax
changes give businesses a $480m helping hand
Hon Gerry Brownlee:
Help for small
business owners
Hon Simon Power:
Disputes
Tribunal changes to help small businesses
Hon Tony Ryall:
Government
departments to pay bills promptly
Hon Tim Groser:
Trade
credit changes to help exporters
