Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


53 % of businesses oppose regional petrol tax

53 per cent of businesses oppose regional petrol tax

The extent of business support for a regional petrol tax at 47 per cent shows the lengths Auckland business is prepared to go to relieve traffic congestion, the Employers & Manufacturers Association (Northern) says.

Local government is enthusiastic about such a tax to fund accelerated road building and EMA wanted to test the level of business support for it through a survey of members.

But 53 per cent of those surveyed (426 businesses) are opposed outright to a regional petrol tax.

"Normally any business support for a regional petrol tax would be very surprising," said Alasdair Thompson, EMA's chief executive.

"Of the 47 per cent prepared to support it, most would only do so if it were pitched no higher than between 10 to 15 cents/litre.

"Only 6 per cent supported a regional petrol tax over 15 cents/litre.

"The results surprised us. They indicate the true cost of traffic congestion to individual businesses, and how much they are prepared to pay to achieve faster deliveries and ease staff travel time.

"The cost of $1billion a year for traffic congestion around Auckland is now likely to be conservative.

"Local government is seeking a full toolbox of funding options to bridge the $2.4 billion funding gap required for Auckland transport over the next decade.

"EMA opposes a regional petrol tax as it would discriminate against Auckland businesses and would be the most economically distortionary.

"Rather than a regional petrol tax, EMA supports tolling Auckland's existing motorway network and congestion tolling as well as tolls on new roads.

"Importantly we support increasing the tax on petrol nation-wide provided all the additional funds raised are used to build roads and provided Auckland gets at least its fair share.

"In its present form the Land Transport Management Bill won't help address Auckland's road congestion and trust the Select Committee will amend it to achieve its purpose."

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news