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

 

Treasury advice 'best practice'

17 November 2005

Treasury advice 'best practice'

Tax briefings to Government from both Treasury and Inland Revenue are examples of mainstream, 'best practice' advice, says Business NZ.

Business NZ Chief Executive Phil O'Reilly says there is nothing radical in the advice to lower company and personal tax rates.

"New Zealanders able to keep more of their own earnings will be able to invest, save and spend more - and that will stimulate our economy to higher growth.

"The last time the company tax rate was cut - in the late '80s - it actually led to a tripling of company tax revenues paid to Government*, and was a forerunner of improved economic growth in the early 1990s.

"Moreover, there is majority support in Parliament for a tax cut - 58% of MPs now in the House are members of parties that supported tax reductions as an election plank.

"Business NZ also endorses the Treasury's sensible advice on productivity, the RMA, infrastructure and skills."

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>