Business Reforms in New Zealand
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Paying Taxes: New Zealand made paying taxes easier by abolishing the cheque levy. New Zealand made paying less costly by decreasing the rate of accident compensation levy paid by employers. At the same time, New Zealand made paying taxes more costly by raising property tax and road user levy rates.
Getting Electricity: The utility in New Zealand reduced the time required for getting an electricity connection by improving its payment monitoring and confirmation process for the connection works.
Getting Credit: New Zealand improved access to credit information by beginning to distribute both positive and negative credit information.
Enforcing Contracts: New Zealand made enforcing contracts easier by improving its case management system to ensure a speedier and less costly adjudication of cases.
Getting Credit: New Zealand improved access to credit information by allowing credit bureaus to collect positive information on individuals.
Paying Taxes: New Zealand reduced its corporate income tax rate and fringe benefit tax rate.
Enforcing Contracts: New Zealand enacted new district court rules that make the process for enforcing contracts user friendly.
Dealing with Construction Permits: New Zealand made dealing with construction permits more costly by raising fees.
Starting a Business: New Zealand made starting a business easier by making it possible to complete the process in one simple online registration in less than a day.
Paying Taxes: New Zealand made paying taxes less costly for companies by reducing the corporate income tax rate.
Resolving Insolvency: New Zealand introduced a reorganization procedure with the aim of providing an alternative to liquidation and receivership and maximizing a company’s chances of continuing as a going concern.