Misc

Cullen: Why I won't cut taxes

Finance Minister Michael Cullen has laid down the gauntlet to businesses clamouring for a tax cut: would they prefer the payroll or capital gains taxes companies face in other countries?

Tuesday, May 25th 2004

Cullen yesterday made it clear neither a company tax cut nor lower personal income tax rates will feature in tomorrow's Budget.

In an interview with the Herald yesterday he explained why.

"It is really [just] an assertion that a company tax rate cut would lift the rate of economic growth. No one has actually demonstrated it.

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Unity First Home Buyer special	4.09
SBS FirstHome Combo	4.19
ICBC	4.49
Co-operative Bank - First Home Special	4.55
Kainga Ora	4.59
BNZ - Std	4.65
Co-operative Bank - Owner Occ	4.65
ASB Bank	4.65
AIA - Go Home Loans	4.65
TSB Special	4.69
ANZ Special	4.69

ICBC	4.89
China Construction Bank	4.95
Kainga Ora	4.95
Nelson Building Society	5.09
BNZ - Std	5.19
SBS Bank Special	5.19
Westpac Special	5.19
ASB Bank	5.25
AIA - Go Home Loans	5.25
TSB Special	5.25
Kiwibank Special	5.29

ICBC	5.65
Kainga Ora	5.69
Westpac Special	5.79
BNZ - Std	5.79
SBS Bank Special	5.79
Co-operative Bank - Owner Occ	5.89
ASB Bank	5.89
AIA - Go Home Loans	5.89
Kiwibank Special	5.99
TSB Special	5.99
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.75
Kiwibank Special	5.75
Kiwibank	5.75

Misc

Cullen: Why I won't cut taxes

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