The Government's latest rescue package does not go far enough for businesses starved of tourists and fearing the end of wage subsidies. Tourism Industry Aotearoa chief executive Chris Roberts said measures announced on Tuesday to help small to medium sized businesses did not help his members still facing high overheads. Roberts said the tax loss carry back scheme unveiled on Tuesday was something the tourism industry had specifically asked for and it would be very helpful. Roberts said there had even been discussions about the Government potentially taking an equity share in key tourism businesses to ensure they did not fail. Roberts declined to say what tourism operators might be in this situation and requiring Government investment to secure their future.

Source: Stuff April 15, 2020 04:51 UTC