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


Celebrate (with qualifications) - Business NZ

20 December 2005

Celebrate (with qualifications) - Business NZ

The World Bank's 'doing business' ranking released today is cause for celebration says Business NZ - although the survey doesn't cover a number of key issues

Chief Executive Phil O'Reilly says New Zealand's number one ranking for doing business is an excellent outcome, and congratulations are due to successive Governments over the last 20 years.

"It's good to know that we score well on fundamental issues like starting a business, getting credit, dealing with licences, registering property, protecting investors and so on.

"However many of the issues that businesses in New Zealand face are of a different order. The World Bank survey doesn't measure some of the more complicated issues that are the subject of discussion between business and government, like for example, ease of getting resource consents, energy and roading infrastructure and investment in skills and education.

"In other areas the ranking is not appropriate for our circumstances. For example, the measure for hiring and firing workers is based on an average company size of 201 employees. The vast majority of businesses in New Zealand are very small - 96% have fewer than 20 employees. We know that what makes for ease of hiring and firing in a big company translates into an onerous burden for a company with only a few employees - so our high ranking here is not all that accurate.

"Also, on the score for the tax burden, we've done poorly compared with other developed countries that we like to compare ourselves with, and that we compete with. For the score of tax imposed as a percentage of gross profit:

Hong Kong 14% Singapore 19.5% US 21.5% Taiwan 23.6% Canada 32.5% Australia 37% New Zealand 44.2%

"So while there is much to celebrate from surveys of this kind, there is also much more to be done to improve the environment for business in New Zealand."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>


Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>


Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Stats NZ: Annual Goods Trade Surplus At 28-Year High

New Zealand’s annual goods trade surplus reached a 28-year high of $2.2 billion as imports tumbled in the year ended October 2020, Stats NZ said today. “This is the largest annual surplus since the July 1992 year, driven mainly by much lower ... More>>

ComCom: How Real Is That Bargain?

The Commerce Commission urges retailers and consumers to think hard about the bargains being offered as ‘Black Friday’ and Christmas draw near. Black Friday has now overtaken Boxing Day in terms of retail spending, according to data from electronic ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>