According
to Business NZ, over 97% of New Zealand firms employ only 20
or fewer staff. One of the political myths about such firms
is that they’re forever groaning under the yoke of
excessive regulation, with the dead weight of compliance all
but snuffing out the spirit of enterprise. A myth, right?
And not only because New Zealand is regularly rated as the
easiest place in the world to do business. In Australia,
there any number of compliance requirements – from payroll
taxes to GST exemptions – not faced by business
here.

Regardless, the myth got
another outing yesterday
, after Labour unveiled the
latest phase of its small business support programme. The
key elements included:

Interest-free loans more
widely available, zero-interest period
extended

Tighter regulation of merchant
service fees charged to retailers

More support
for digital transformation of SMEs

Promotion

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