Labour ditches Investment Boost, unveils $1.56b small business plan
Labour has released an election policy to replace the Government's Investment Boost scheme with faster payments, higher tax thresholds and expanded investment relief for small businesses.
Labour has announced a $1.56 billion Small Business Action Plan to replace the current Investment Boost policy, pledging to speed up payments from large companies to small suppliers, raise the GST registration threshold from $60,000 to $80,000, and lift the asset write-off threshold from $1,000 to $10,000. The package is aimed at reducing compliance costs and supporting small business investment. Tax specialists have welcomed parts of the plan, though some have raised concerns about specific elements like the GST threshold change.
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Coverage across the news outlets we track, as at publication.
What outlets are saying
Stuff
Labour won’t continue with Investment Boost, pitches alternative small business plan
Labour has unveiled a package of policies aimed at supporting small businesses, promising faster payments from large companies, expanded tax relief for business investment and a higher GST registration threshold.
1News
Labour unveils small business package promising faster repayments, tax relief
The package would cost $1.56 billion over four years, funding by a "refocusing" of the Government's investment boost policy.
BusinessDesk
Tax experts back parts of Labour’s $1.56b small business plan
Tax specialists have welcomed parts of Labour’s $1.56 billion Small Business Action Plan, which aims to get small firms paid faster, allow them to invest in equipment sooner and reduce compliance costs. Labour said it would refocus Investment Boost to…
interest.co.nz
Labour wants to scrap Investment Boost as it unveils election policy for small businesses
Labour's small business policy aims to raise the GST registration threshold, help small business owners get paid faster and lift the asset write-off threshold
NZ Herald
Election 2026: Labour’s small business proposals win support from business groups
The policy would see changes to asset write-offs, GST thresholds and payment times.
The Spinoff
Luck on Labour’s side as party eyes up small business ‘partnership’
Amid a falling out between the National Party and small business, it’s a better time than ever for Labour to try to woo a constituency that has never been theirs. It was hard for Labour leader Chris Hipkins to contain…
Newstalk ZB
Chris Hipkins: Labour leader on the party's new scheme designed to help out small businesses
Labour says its new election policy aimed at small businesses is about making life a little easier.
Newsroom
Labour zeroes in on small business relief, not big business stimulus
Analysis: Where National's Investment Boost is designed to stimulate economic growth, Labour wants to take costs off small businesses instead The post Labour zeroes in on small business relief, not big business stimulus appeared first on Newsroom .
RNZ
GST expert sounds warning about Labour's tax plan
Labour leader Chris Hipkins said it would make changes designed to help small businesses, if it becomes the government.
RNZ
Raising GST threshold just shifts the problem, tax expert says
Labour leader Chris Hipkins said it would make changes designed to help small businesses, if it becomes the government.