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Spending To Attract Foreign Investment Dopey

Spending To Attract Foreign Investment Dopey

ACT New Zealand Finance Spokesman Rodney Hide today said that the best way that the Government could attract investment into New Zealand would be to drop the top personal, and company, rate of tax to 20 cents in the dollar.

"Industry and Regional Development Minister Jim Anderton today announced that this year's budget will include wasting millions of taxpayers' dollars attracting foreign investment into New Zealand," Mr Hide said.

"The forecast surplus is sufficient to achieve that tax cut and still have $2 billion for the Labour Government to waste.

"Mr Anderton has spent five years as Minister proving that picking winners doesn't work. Instead of keeping taxes high and forking out money to the favoured few, the Government would be far better off giving tax relief to every business and every worker in the country.

"That would boost investment, boost growth, boost wages, and put more money into every New Zealander's back pocket," Mr Hide said.

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