Macpac Troubles A Sign Of Things To Come
David Carter National Associate Finance Spokesperson
25 July 2003
Macpac troubles a sign of things to come
More manufacturers will be forced to lay off staff, just like Christchurch company Macpac because of the Government's crippling compliance cost regime, says National's Associate Finance spokesman David Carter.
"These 150 redundancies are devastating for Christchurch. This is one of the largest company lay-offs our city has seen in years and it will hit the community hard.
"Sadly, it comes as little surprise - this Government's tax regime is crippling business. Labour has introduced some 18 new taxes and is proposing at least seven more.
"These moves are making it increasingly impossible for many businesses to compete and grow - particularly with our international competitors producing goods at lower costs than that of New Zealand manufacturers.
"The Government's raft of anti-business legislation, sly taxes and the hefty company tax rate are choking our business sector - as Macpac has found to its cost," says Mr Carter.