Budget 2017 forgets that companies exist and deserve tax cut
Thursday, 25 May 2017, 2:43 pm Press Release: ACT New Zealand
Budget 2017 forgets that companies exist and deserve tax
cuts
“While the countries we compare ourselves to around
the world are cutting company tax rates, our Government does
nothing,” says ACT Leader David Seymour.
“The
Government has pages upon pages of its business growth
agenda, and billions in funds for grants, subsidies, and
“partnerships”, but somehow it can’t find room in this
budget to reduce their tax rate.
“To make New Zealand
employers more competitive, we should drop their company tax
rate from 28% to 25% immediately, with a long-term plan to
cut it even further.
“If Kiwi businesses keep more of
the money they earn, they can grow, employ new workers, and
spend more on innovation. And a tax cut for every business
is far fairer than having government pick winners via
corporate
welfare.”
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