Labour's company tax pledge welcomed

The Taxpayers’ Union is welcoming Jacinda Ardern’s promise, in an interview with the Australian Financial Review, to keep the company tax rate at 28% if elected, and is encouraging Labour to be more transparent on their other proposed taxes.

Jordan Williams, Executive Director of the Taxpayers’ Union says, “With New Zealand already having one of the highest company tax rates in the OECD, it is refreshing to know that companies will not suffer from a hike in company tax under a Labour-led government.”

“This kind of certainty is important for businesses. But they also need to know how they will be affected by a capital gains tax or a water tax, and at what rates.”

ENDS

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