17 July 2015

Greens support simplifying tax for small business

Now that the four biggest parties in Parliament agree on the way forward, it’s time for the Government to get on with simplifying provisional tax for small businesses, the Green Party said today.

“The Green Party has been talking about simplifying provisional tax for small businesses, like Labour suggested today, since before the 2011 election,” Green Party Co-leader James Shaw said.

“Anyone who talks to small business operators knows how annoying and difficult the current guesswork-based provisional tax system can be. Moving to a simpler, pay-as-you-go model would make life so much easier for small businesses and free up their time to focus on growing jobs and revenue.

“Labour’s announcement follows similar recent comments by NZ First, and Steven Joyce says the Government and IRD are open to ideas around simplifying provisional tax for small businesses. Even Act seems to agree with what is clearly now the mainstream consensus.

“Now that there’s political consensus about helping small businesses by simplifying the provisional tax system, the Government needs to get on with making the change,” said Mr Shaw.

ENDS

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