CEO comment April 2019

16 April 2019

Virginia webThe capital gains tax (CGT) debate is one of the most significant tax discussions we have had for some time.  A BusinessNZ poll has shown that 65.2% of businesses have said that CGT should not be a priority for the Government.

This CGT will have a detrimental effect on business and the economy and we will continue to strongly advocate against this tax on your behalf.

Breaking this poll down for business, investment property and kiwisaver:

  • Business:
    • 54.3% said no; 31.6% said yes
  • Investment property
    • 49.8% said no; 39.1% said yes
  • Kiwisaver
    • 90% said no; 4.4% said yes

Kirk Hope from BusinessNZ counts the cost of a capital gains tax.  This CGT will have a detrimental effect on business and the economy and we will continue to strongly advocate against this tax on your behalf.

Some more employment relations changes came into effect on the 1st of April 2019, including the minimum wage increases, the Domestic Violence – Victims Protection Act amendments, and the KiwiSaver Act.  We have provided a summary of these changes.

The introduction of fair pay agreements would undoubtedly be the biggest shake-up yet in an employment relations landscape, we have an opinion piece here.

We have our health and safety forum in Dunedin and Invercargill on 9 and 10 May, and you can find out more about that here.

A reminder that we have a range of community support services and resources that are available to you and your business at any time in the event of unforeseen tragedy.

Kind regards,

 

Virginia Nicholls | CEO | www.osea.org.nz

Copyright 2019 | Otago Southland Employers' Association | All Rights Reserved | Website by Punch Marketing