Guy Backs Government Growth Plans
Otaki MP Nathan Guy says local small to medium enterprises (SMEs) will benefit from a raft of Government initiatives introduced in the wake of global recessionary pressure.
“Last week the National Government unveiled small business tax changes worth $480 million over the next four years, as part of a wider scheme aimed at promoting economic growth and protecting jobs.
“Almost 20,000 people are employed fulltime in the Kapiti and Horowhenua Districts across 7,700 businesses so our new tax initiatives will help to stimulate the local economy.
“Many local businesses are feeling the pinch with the current economic slowdown, so reducing paperwork and helping boost their cash flow will make a difference. We need our businesses to perform and ultimately grow again to take on more employees.
“In my experience, strong local businesses, helps make a stronger community. I’m sure that our Kiwi ‘can do’ attitude will pull us through these difficult times, so we are ready to respond quickly when the economy starts to move in a more positive direction.”
The National Government’s measures to assist small and medium businesses during the current economic climate include:
· Eleven tax changes
· An expansion to the Export Credit Scheme
· An extended jurisdiction for the Disputes Tribunal
· The expansion of business advice services
· A prompt-payment requirement for Government agencies.