22 May 2008

Media Release

BUDGET 2008

The tax cuts element of the Budget has been welcomed by the Auckland Chamber of Commerce as going some way to restoring the purchasing power of all New Zealanders, given increases in food, fuel and interest rates.

“Unfortunately the opportunity that has been lost was the chance to align both corporate and personal tax rates to those in Australia”, said Chamber Chief Executive Michael Barnett. “This in time would have reflected in New Zealand’s standard of living and skills retention.

ENDS