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Cut Corporate Welfare to Beat the Australians

MEDIA RELEASE

Cut Corporate Welfare to Beat the Australians

12 NOVEMBER 2014
FOR IMMEDIATE RELEASE

Responding to the Fairfax article that IRD have indicated that company tax may need to be reduced next year, should Australia reduce their rate, Taxpayers’ UnionExecutive Director Jordan Williams says:

“We’ve done the numbers and if the Government just cut its corporate welfare it could slash the 28 percent company tax rate to 22 percent.”

“Rather than having politicians lumber taxpayers’ with the risk by propping up their favourite industries, it would be better to present business in New Zealand with a level playing field – one that’s more competitive and enticing than that of our Australian neighbours.”

ENDS


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