Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Corporate tax rate evades global gravitational forces

New Zealand’s corporate tax rate evades global gravitational forces
Budget 2017 focuses on a social cohesion and resilience dividend
Budget 2017 bucked the global trend of chasing headline corporate tax rates down to attract and retain capital and labour.

Deloitte CEO Thomas Pippos said it’s about standing back and looking at the total picture.

“At a simplistic level, business nirvana may include lower corporate tax rates that mirror global trends, but social cohesion and resilience was the dividend they were offered today,” said Mr Pippos.

“There is no doubt however, that with the passage of time and assuming we don’t face future shocks, that all tax rates will be heading down under the current Government. It’s just maths,” he said.

In terms of wider business friendly initiatives in Budget 2017, Pippos said the ongoing issues around black hole expenditure and in particular feasibility expenditure were earmarked to be addressed.

“Probably more importantly, corporates and multi nationals were not vilified, nor were there any precipitous or populous measures sought to be introduced outside of pre-existing base erosion and profit shifting (BEPS) workstreams,” said Mr Pippos.

For more commentary and analysis from Deloitte on today’s Budget announcement go towww.deloitte.com/nz/2017budget.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On Dune 2, And Images Of Islam


Depictions of Islam in Western popular culture have rarely been positive, even before 9/11. Five years on from the mosque shootings, this is one of the cultural headwinds that the Muslim community has to battle against. Whatever messages of tolerance and inclusion are offered in daylight, much of our culture tends to be hostile to Islam when we’re sitting in the dark, with popcorn.
Any number of movie examples come to mind, beginning with Rudolf Valentino’s role (over a century ago) as the romantic Arab hero in The Sheik...
More


 
 


Government: One-stop Shop Major Projects On The Fast Track

The Coalition Government’s new one-stop-shop fast track consenting regime for regional and national projects of significance will cut red tape and make it easier for New Zealand to build the infrastructure and major projects needed to get the country moving again... More

ALSO:


Government: GPS 2024: Over $20 Billion To Get Transport Back On Track
Transport Minister Simeon Brown has released the draft Government Policy Statement (GPS) on Land Transport, outlining the Coalition Government’s plan to build and maintain a transport system that enables people to get to where they need to go quickly and safely... More

ALSO:

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.