Some business favour economic zone with Australia

Some business favour economic zone with Australia

A little less than half of business owners support a common economic zone, according to a survey of more than one thousand businesses in New Zealand.

The survey, MYOB Business monitor, shows that 42 percent of owners would vote for such a policy in a general election, with less support among rural sector and retailers.

The results, announced last week by the accounting firm MYOB, measured reaction to a range of possible policies ahead of this year’s general election.

According to MYOB, the policy most likely to find favour with business voters would be the simplification of provisional tax rules, with 74 percent of all business owners saying they would vote in favour of any party that is committed to making it easier for businesses to accurately determine and meet their tax obligations.

Other strongly popular policies include offering tax credits for businesses that electronically file returns and waiving late-payment penalty interest for start-up businesses.

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