Pros and cons of a corporate tax rate cut

BusinessNZ CEO Katherine Rich - company tax rate cut at the top of the wishlist. (Image: Supplied)

Wed, 05 Feb 2025

Business lobby groups support cuts to company taxes, although they differ on whether cutting the corporate tax rate would have the greatest impact compared to alternatives.Their comments follow kite-flying statements by the Minister of Finance, Nicola Willis, suggesting that reform of New Zealand’s “uncompetitive” 28% corporate tax rate is “on the table” for the Budget in May.Her comments were backed by Prime Minister Christopher Luxon, who told NewstalkZB that incentivising investment in technology was also a poss...

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