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	3.99
SBS FirstHome Combo	3.99
ICBC	4.25
TSB Special	4.39
Co-operative Bank - First Home Special	4.39
SBS Bank Special	4.49
Unity Special	4.49
ANZ Special	4.49
Westpac Special	4.49
Kiwibank Special	4.49
Co-operative Bank - Owner Occ	4.49

Kainga Ora	4.49
ICBC	4.59
ANZ Special	4.69
Unity Special	4.69
SBS Bank Special	4.69
Nelson Building Society	4.69
BNZ - Std	4.69
Wairarapa Building Society	4.79
Westpac Special	4.89
Kiwibank Special	4.89
Co-operative Bank - Owner Occ	4.89

ICBC	4.99
Kainga Ora	5.15
SBS Bank Special	5.29
Westpac Special	5.49
ASB Bank	5.69
TSB Special	5.69
BNZ - Std	5.69
AIA - Go Home Loans	5.69
Co-operative Bank - Owner Occ	5.69
Kiwibank Special	5.79
SBS Bank	5.89

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	5.65
Kiwibank	5.65
Kainga Ora	5.69

Misc

Cullen: Why I won't cut taxes

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