Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


ACT's Economic Package Inspires Envy

ACT's Economic Package Inspires Envy

Media release Thursday, June 6th, 2002

ACT's economic package inspires envy

Most of ACT's economic policy released today will commend itself highly to business, the Employers & Manufacturers Association (Northern) says.

"Business people will read ACT's policy wondering why other political parties don't express themselves with the same sense of enthusiasm, urgency and business sense," said Alasdair Thompson, EMA's chief executive.

"ACT's attitude to business and the spirit of enterprise is extremely appealing.

"In particular, we strongly endorse the emphasis on cutting the company tax rate immediately below the Australian rate of 30 per cent.

"At present cutting the company tax rate is more important than reducing personal tax rates. A lower company tax rate of say 20 per cent, would:

* lift economic growth by 1.1 per cent of GDP

* increase investment by 3.6 per cent, and

* boost employment by over one per cent, with

* higher exports and imports, and reducing inflationary pressures.

"We have to keep in mind company tax is essentially a withholding tax.

"Nonetheless, ACT's overall approach to business is the right one to inject ginger into National."

Comments: Alasdair Thompson tel 09 367 0911 (b)

09 303 3951 (h)

0274 982 024

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Claims About The CPTPP

As a Tufts study usefully explained, some of the basic mechanisms of the original TPP (and the CCTPP is not radically different in this respect) would – in practice – contribute to income inequality, by further tilting the existing imbalance between those reliant on profit-taking as a source of income, and those reliant on wages...

Under the original TPP deal, the Tufts team estimated, 5,000 jobs would have been lost across New Zealand. More>>


22/2: Earthquake Memorial Service In Christchurch

"The theme of this year's service, 'Keeping their dreams alive" helps us look back at all that we've lost with a sense of hope and aspiration for the future,'' says the Mayor. "It also helps us to recall all those who came to our rescue and those who offered support at our time of need and what that meant to us." More>>


Submissions Closing: Mangroves Bill 'Designed To Bypass RMA'

Forest & Bird is releasing emails which show the Mangroves Management Bill is intended to completely override the safeguards of the Resource Management Act (RMA). More>>


Percieved Transparency: New Zealand #1 Least Corrupt Public Sector In The World

New Zealand's public sector is ranked the least corrupt in the world, according to Transparency International's 2017 Corruption Perceptions Index (CPI) released globally today. More>>


Reviews: Three-Year Work Programme For Education

The work programme includes the NCEA review, a review of Tomorrow’s Schools, developing a future-focused Education Workforce Strategy, a continuous focus on raising achievement for Māori and Pasifika learners, an action plan for learning support, an early learning strategic plan, a comprehensive review of school property. More>>





Featured InfoPages