IN TOUCH : Lower corporate tax?

In between lauding Marlborough sauvignon blanc and lamenting our “uncomfortable” inflation levels to Asian business folk, deputy PM Michael Cullen hinted at more favourable tax environment for local business.
Speaking at business breakfast in Singapore, he said the current revision of business tax rules is likely to produce an “attractive mix of lower corporate tax rate and tax credits, particularly helping those businesses focused on tackling overseas markets”. See full speech at www.beehive.govt.nz.

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