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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Co-operative Bank - First Home Special 7.04
ICBC 7.05
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Heartland Bank - Online 6.45
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TSB Special 6.59
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ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
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Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
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