Scoop has an Ethical Paywall
Leisurely tax reform
1 February 2006
Leisurely tax reform
A completion date of 2008 suggests a lack of urgency for company tax reform, says Business NZ.
Chief Executive Phil O'Reilly says the review of the business tax regime shouldn't need more than two years to complete.
"Australia is in the process of reducing its tax burden right now, so its environment for business will be even sharper by 2008. Australia recognises that tax is a competitive tool.
"We should be moving quickly too, building on the good work that's already been done.
"The McLeod Tax Review - the recommendations of which were widely accepted - was based on extensive consultation. Business may be wondering why that consultation is being duplicated only five years on.
"A straightforward review and swift implementation of a lower company tax rate as soon as possible would send the strongest signal of support to the business community."
ENDS
Spark: New Report Sets Out Outcomes-Led Approach To Lift Rural Connectivity Using The Right Mix Of Technologies
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
