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


Call for business rates to be included in inquiry

23 August 2006

Call for business rates to be included in inquiry

Business NZ has written to the Local Government & Environment Select Committee, asking for the issue of business differentials to be included in the committee’s proposed inquiry into rates.

Chief Executive Phil O’Reilly says businesses pay around half of all rates in New Zealand.

“Businesses pay the lion’s share of all rates, in differing ratios in different local authority areas. In some areas the rates burden on businesses is a severe impediment to their viability.

“Business has long called for a fair system that sees the rates burden spread more equitably across all sectors.

“Business NZ has requested the select committee responsible for the proposed inquiry to include both the business differential and the power of general competence in the terms of reference.

“The power of general competence is an issue because it allows councils to stray outside their core areas of responsibility and run enterprises in competition with local businesses. This, combined with the rating differential, has a negative impact on regional economic growth.

“We will be seeking the inclusion of both these issues in the proposed inquiry.”

See also:

  • Select Committee Rates Differential
  • ENDS

    © Scoop Media

    Business Headlines | Sci-Tech Headlines


    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: 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>>


    Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

    Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



    Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

    The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


    Get More From Scoop

    Search Scoop  
    Powered by Vodafone
    NZ independent news