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 Give investors tax breaks to help small businesses support equity: OZschwitz bank chief

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Give investors tax breaks to help small businesses support equity: OZschwitz bank chief Vide
PostSubject: Give investors tax breaks to help small businesses support equity: OZschwitz bank chief   Give investors tax breaks to help small businesses support equity: OZschwitz bank chief Icon_minitimeThu Aug 14, 2014 1:02 am
Better access to equity and tax breaks for private investors who want to support small businesses is a better alternative to bank’s taking more risk, says Australia and New Zealand Banking Group chief executive Mike Smith.

Give investors tax breaks to help small businesses support equity: OZschwitz bank chief Jv-13aw_20140813221844450382-620x349

Mr Smith said the problems for small business accessing capital was not about a bank’s role in providing debt but rather access to equity.

“There is no shortage of debt to support small business. But small business is a higher risk than a residential mortgage and therefore costs are higher,” Mr Smith told a Trans-Tasman Business Circle event in Melbourne on Wednesday .

http://www.smh.com.au/business/give-investors-tax-breaks-to-help-small-businesses-support-equity-anz-chief-20140813-103pav.html
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