National still popular among businesses

The latest survey of businesses shows there is still overwhelming support for National despite some misgivings.

Mind Your Own Business (MYOB) released its business monitor today, with 59% of those surveyed indicating they would vote National compared to Labour's 11%.

The data was for the business monitor was collected in September.

Other notable results were that John Key is still the most preferred Prime Minister and that there is a close to 50/50 split on the sale of SOEs.

MYOB's General Manager Julian Smith says that the government has not done a good enough job communicating with businesses about the sale of SOEs and that is the reason some people are opposed to SOE sales.

Compared to the 62% in MYOB’s March monitor, National experienced a small drop but is still the preferred party of businesses. National received most of its vote from small business (71%) and those with a profit of between $1-5 million (72%).

Popular policies include a simplified provisional tax system (74%) and increased investment in research and development (58%).

National's Priority for Innovation report focusing on research and development, released yesterday, may gain them more votes but a tax policy would be a big move for either party, Mr Smith.

"It's a step in the right direction," says Mr Smith.

“However, the one policy that is far and away the most popular for business is the simplification of provisional tax rules.

“This particular policy isn’t on any party’s radar at the moment, but what it emphasises is how complex and time consuming businesses find the current tax regime, and how much any party would stand to gain by making a concerted effort to make life easier for business,” says Mr Smith.

The MYOB monitor surveys over 1,000 New Zealand businesses.

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8 Comments & Questions

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Not sure why

The Government has no policies that will create growth or jobs

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Likely because there is no viable alternative. We live in hope that in its second term - National will accept the mandate to aggressively attack our expensive welfare system and oversized central government. Initiatives such as the one recently announced with respect to extracting economies of scale through co-ordination of utility providers and other suppliers, give us hope that someone out there is in fact seeking to address the problems, rather than merely expanding their own little empires.

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Like National setting up a new Government entity to manage the remnants of the failed finance companies covered by the Government Guarantee - that looks like starting a new Government entity with more Government officials doesn't it?

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What will Labour do but?

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People are being brainwashed by hokey surveys.

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Any business that thinks provisional tax is cumbersome should be on the Ratio calculation method - sames a lot of trouble, and makes cashflow so much easier. Been around for a few years, but most accountants are not telling their clients about it, for their own reasons.

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Gosh, how did you know, us accountants are in a conspiracy with Hone to hide the GST Ratio Method from our clients...

Think indifference before you jump to conspiracy...

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Dear Beanie,
No conspiracy was alluded to, but many accountants have failed to offer their clients of this option.

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