As the economy slowly gains some momentum there are some positive signs from our East Tamaki members, although it depends very much which sector you happen to be in. Construction related businesses are seeing a lift, however, many service industries are finding it tough as are many exporters as the New Zealand dollar shows no sign of slowing its upward trend.
What was the government thinking even contemplating the application of fringe benefit tax on employee paid car parks in Auckland and Wellington CBDs? It was good to see the proposed laptop and iPad tax ruled out by the Prime Minister as well. It would have been just another business compliance cost!
On the other hand a positive recent government initiative is the Apprenticeship Re-boot scheme. Now underway it aims to rapidly increase the number of apprentices by providing some serious subsidy incentives and removing the age restriction criteria that previously applied. The first 10,000 new apprentices enrolling will get $1,000 towards their tolls and off-job costs, or $2,000 if they are in priority construction trades. The same amount will also be paid to their employers. It’s a very positive and welcome move.
Richard Poole