Election 2017 - Party Policies - Economy - Business
27th May 17, 9:52am
by
Business
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- Cut the company tax rate by abolishing corporate welfare.
- Scrap the ‘charitable purpose’ tax loophole to level the playing field for New Zealand businesses.
- Cut wasteful spending of taxpayer’s money such as Government trying to pick winners by giving money to favoured businesses.
- Reduce red tape and reform the Resource Management Act to make it easier for New Zealand businesses to operate and grow.
- Read more here.
- Redesign the business support programmes provided through the Ministry of Business, Innovation and Employment (MBIE) and NZ Trade & Enterprise mandating sustainability as a key goal and auditing existing assistance and training programmes for effectiveness and relevance.
- Require mandatory country of origin labelling for all imported products.
- Investigate tax breaks for spending on research and development that meet sustainability criteria in key target sectors including organics, information and communications technology, product and materials development, and sustainable energy
- Ensure appropriate funding/training subsidies for staff training focused on lowincome workers and small businesses.
- Continue promoting ways of simplifying and reducing compliance requirements for small businesses.
- Read more here.
- Introduce an R&D tax credit at the rate of 12.5%, to lift New Zealand’s lagging R&D expenditure by encouraging businesses to research and innovate.
- Introduce an entirely flexible voluntary withholding tax, to let businesses meet their tax obligations at a rate of their choosing and on their own timetable, rather than the current rigid system of provisional tax.
- Ministry of Business, Innovation, and Employment to provide proactive advice and support to new business models to be created, particularly social enterprises and cooperatives.
- Establishing a contestable fund to help businesses, local councils, research organisations, and iwi form the necessary relationships and frameworks to successfully develop clusters. Introduce a seed investment scheme to support investment in small businesses and help them achieve long term viability and growth.
- Aim to reform the laws governing credit unions and cut red tape in order to give them legal status and allow them to lend to small business.
- Read more here, here, here, and here.
Not yet available on their website.
- Making it easier and faster for businesses to deal with the Government, ensuring they spend more time focused on doing business.
- Investing in the New Zealand Business Number so businesses only need to give information to government once, transforming how they share information and interact with government.
- Enhancing the Business.govt.nz website to bring together all business support information into one place.
- Supporting businesses with expert advice through Business Mentors NZ; and supporting business research and development through Callaghan Innovation.
- Offering services through New Zealand Trade and Enterprise to businesses looking to grow and export.
- Read more here and here.
- Provide a lower business tax environment with a special tax rate for export derived income.
- Establish priorities for foreign investment in New Zealand that require such investment to bring new technology that leads to employment and export growth or import substitution.
- Amend the Companies Act to give shareholders, including cooperatives, a ‘Say on Pay’ for directors and CEO’s.
- Require mandatory remuneration reports and reporting of pay equity; and ban ‘golden hellos’ (executive recruitment bonuses) and limit ‘golden parachutes’ (executive redundancy) to the same provisions as for workers.
- Introduce serious penalties for corporate fraud and tax evasion.
- Read more here, here, and here.
Not yet available on their website.
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