Cullen: Why I won't cut taxes
Tuesday 25 May 2004
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?
By The LandlordCullen 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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