Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Are tax cuts affordable?

30 August 2005

Are tax cuts affordable?

Business NZ will contribute to the debate on tax this Thursday, with the launch of Tax Perspectives, a publication based on the surveyed views of member companies.

Tax Perspectives calculates the affordability of lowering and flattening tax rates over a period of five years from the present.

Business NZ Chief Executive Phil O'Reilly says the publication sets out to answer four questions:

1. Is it feasible to restrict govt spending to less than 30% of GDP? 2. Would the savings be enough to allow personal rates to be cut? 3. Would it allow a flattening to just two rates of personal tax? 4. Would the savings be enough to reduce company tax to 30%?

"Surveys of member companies show overwhelmingly that business wants lower company tax and lower, flatter personal tax rates.

"Our economists set out to discover ways in which this might be achieved through slowing the rate of increase of government spending, and these are set out in Tax Perspectives.

"Business NZ hopes to add constructively to the debate on tax with this publication.," Mr O'Reilly said.

Tax Perspectives will be launched at: 12 noon Thursday 1 September Lambton Room 1, Hotel InterContinental, cnr Grey & Featherston St, Wellington Light refreshment to follow


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>