Finance Minister Michael Cullen has laid down the gauntlet to businesses clamouring for a tax cut: would they prefer the payroll or capital gains taxes companies face in other countries?
Tuesday, May 25th 2004, 3:48PM
by The Landlord
Cullen yesterday made it clear neither a company tax cut nor lower personal income tax rates will feature in tomorrow's Budget.
In an interview with the Herald yesterday he explained why.
"It is really [just] an assertion that a company tax rate cut would lift the rate of economic growth. No one has actually demonstrated it.
