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
Co-operative Bank - First Home Special	4.39
TSB Special	4.49
ANZ Special	4.49
ASB Bank	4.49
SBS Bank Special	4.49
Unity Special	4.49
Westpac Special	4.49
Kiwibank Special	4.49

TSB Special	4.00
Kainga Ora	4.49
Kiwibank Special	4.49
ICBC	4.59
Unity Special	4.65
ANZ Special	4.69
SBS Bank Special	4.69
Nelson Building Society	4.69
BNZ - Std	4.69
Westpac Special	4.75
AIA - Go Home Loans	4.75

ICBC	4.99
Kainga Ora	5.15
SBS Bank Special	5.29
Westpac Special	5.29
BNZ - Std	5.29
Kiwibank Special	5.39
TSB Special	5.39
ASB Bank	5.45
AIA - Go Home Loans	5.45
Co-operative Bank - Owner Occ	5.49
BNZ - Classic	5.59

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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