National’s Associate Revenue spokesman, Brian Connell,
says Labour’s latest attempt to relieve the tax burden on
small business start-ups is just another reason why all
taxes should be reduced.
“Instead of cherry picking
what businesses it will help, Labour should simply reduce
taxes for all businesses.
“Labour’s appetite for tax
is insatiable and only the really gullible will be seduced
by what’s on offer.
“Paying tax earlier helps the
Government’s cash flow, but despite David Cunliffe’s
rhetoric, it won’t help small business.
“The red tape
and compliance that this extra initiative will create will
soon eat up the 6.7% discount and will hurt businesses’ cash
flow.
“Labour should stop playing around the margins
and do what it knows it should do – lower taxes," Mr Connell
says.
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