Budget 2017 forgets that companies exist and deserve tax cuts

“While the countries we compare ourselves to around the world are cutting company tax rates, our Government does nothing,” says ACT Leader David Seymour.

“The Government has pages upon pages of its business growth agenda, and billions in funds for grants, subsidies, and “partnerships”, but somehow it can’t find room in this budget to reduce their tax rate.

“To make New Zealand employers more competitive, we should drop their company tax rate from 28% to 25% immediately, with a long-term plan to cut it even further.

“If Kiwi businesses keep more of the money they earn, they can grow, employ new workers, and spend more on innovation. And a tax cut for every business is far fairer than having government pick winners via corporate welfare.”

ENDS

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