SME-Led Growth Long Overdue
23 May 2002
Linking Investment Promotion With SME-Led
Growth Long Overdue
Creating a focused agency to
attract new investment and encourage more businesses into
exporting is an initiative the Chamber has long
“It recognizes that the only way we are going to
get a higher level of sustainable growth into the economy is
to build a new platform that encourages domestic-focused
SMEs to build their futures in the global market,” said
Michael Barnett, Chief Executive of the Auckland Chamber of
Pumping up Broad-band Internet access across
rural NZ is another good tool for SMEs to leverage access
into the global market.
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Taxing Capital Gains: Tax Working Group Delivers Final Report
Group Chair Sir Michael Cullen says our system has many strengths but there is a clear weakness caused by our inconsistent treatment of capital gains.
“New Zealanders earning just salary and wages are taxed on their full income but we have several situations where you can earn income from gains on assets and not be taxed at all.
“All members of the Group agree that more income from capital gains should be taxed from the sale of residential rental properties. The majority of us on the Group, by a margin of 8-3, support going further and broadening that approach to include all land and buildings, business assets, intangible property and shares.” More>>