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

 


Changes to Rotorua’s rates will hearten local business

May 14, 2014

Changes proposed to Rotorua’s rates will hearten local business

Rotorua businesses will be heartened by City Council plans to reduce the unfair business differential in the coming year’s rates, says the Employers and Manufacturers Association (EMA).

The proposal in the Rotorua City Council Draft Annual Plan for 2014-15 is to reduce the rates bill that businesses pay to 1.9 times more than residential ratepayers pay, down from 2.1 times.

“Its only a slight change but its in the right direction and the many motels, hotels and other businesses on which the city relies, will welcome it,” said EMA executive officer Peter Atkinson at today’s Annual Plan hearing.

“Charging them higher rates than residential ratepayers is like killing off the goose that lays the golden eggs.

“The slight reduction of this burden has never been based on the services businesses receive from the Council, and its simply not true that our small to medium size businesses, which employ a third of the country’s workers, can afford to pay more than residential ratepayers.

“Most businesses in Rotorua are small, and we hope and expect the differential to be phased out altogether in the longer term.

“On behalf of local business in general EMA finds it is encouraging to see the planning of the new council taking Rotorua in the right direction.

“The city’s Plan itself contains a helpful summary and separate column of forecast expenditure in its financial statement.

“We also support the council removing development contributions and looking into setting up two council-controlled organisations (CCOs) - Rotorua Contracting, and Rotorua Tourism, Events and Venues.”

www.ema.co.nz

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Errors Found: Electricity Authority Dumps Transmission Pricing Modelling

The Electricity Authority is ditching the cost-benefit analysis at the heart of its controversial attempt to find a new way to divide up costs for the national grid after finding an expanding range of serious computational errors in the work by Australian consultancy Oakley Greenwood. More>>

ALSO:

New Record: Migrant Arrivals At 129,500 A Year

Annual net migration has been steadily increasing since 2012. "This was mainly due to the rising number of migrant arrivals to New Zealand," population statistics senior manager Peter Dolan said. "Fewer migrant departures also contributed to the increase in net migration." More>>

ALSO:

Launched: NASA's Super Pressure Balloon Takes Flight From NZ

NASA successfully launched its football-stadium-sized, heavy-lift super pressure balloon (SPB) from Wanaka, New Zealand, at10:50 a.m. Tuesday, April 25 (6:50 p.m. April 24 in U.S. Eastern Time), on a mission designed to run 100 or more days floating at 110,000 feet (33.5 km) about the globe in the southern hemisphere's mid-latitude band. More>>

ALSO:

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news