Govt still pondering company tax cuts
Finance Minister Bill English says aligning the top personal, trust and company tax rates is still on the table.
Finance Minister Bill English says aligning the top personal, trust and company tax rates is still on the table.
Reserve Bank Governor Alan Bollard has singled out tax reform as an important tool in tackling our economic challenges.
Many risks still threaten the sustainability of economic growth, Treasury said today.
Finance Minister Bill English told a taxation review workshop that any major tax changes would need widespread public support to succeed.
The Government needs to borrow $250 million a week after the havoc wreaked by the recession on its books.
The Government faces an increased deficit due to extra spending and the effects of the recession, says Bill English.