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	4.15
SBS FirstHome Combo	4.29
ICBC	4.49
Kainga Ora	4.59
SBS Bank Special	4.69
AIA - Go Home Loans	4.75
Unity Special	4.80
China Construction Bank	4.85
Co-operative Bank - First Home Special	4.89
Kiwibank Special	4.95
TSB Special	4.99

Kainga Ora	4.95
China Construction Bank	4.95
ICBC	4.99
SBS Bank Special	5.29
Unity Special	5.29
Co-operative Bank - First Home Special	5.29
Kiwibank Special	5.39
ASB Bank	5.45
Westpac Special	5.45
AIA - Go Home Loans	5.45
BNZ - Std	5.45

SBS Bank Special	5.49
BNZ - Std	5.49
Westpac Special	5.49
ASB Bank	5.59
AIA - Go Home Loans	5.59
ICBC	5.65
Kiwibank Special	5.69
Kainga Ora	5.69
Co-operative Bank - First Home Special	5.89
Co-operative Bank - Owner Occ	5.99
TSB Special	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	4.20
Co-operative Bank - Standard	5.34
Co-operative Bank - Owner Occ	5.34
ICBC	5.39
Kainga Ora	5.79
Heartland Bank - Online	5.80
SBS Bank	5.84
Pepper Money Prime	5.99

Misc

Cullen: Why I won't cut taxes

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