New zealand. National floats company tax cut, recommits to higher pension age
The National Party is floating a cut to New Zealand’s 28 per cent company tax rate among a suite of possible tax changes it would promise going into the 2020 election.
“New Zealand has one of the highest company tax rates in the OECD at 28 per cent and we collect the fourth largest share of tax in the OECD from companies,” the party’s leader, Simon Bridges, said today at a launch of the party’s economic policy discussion document in Auckland.
“Tax is one of the single largest costs for businesses and can be the difference between a business surviving or not. So we’re asking questions about whether the company tax rate is becoming uncompetitive.”
Finance spokesman Paul Goldsmith also re-committed National to its 2017 election campaign position to raising the age of entitlement for national superannuation from 65 at present to 67, but not starting that process for another 18 years, in 2037.
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