The Finance Minister's floated potential tax cuts for corporations. 

Speaking to Ryan Bridge about economic growth, Nicola Willis says our corporate tax rate is reasonably high compared to the rest of the world. 

Asked if she's planning to lower the tax to encourage investment in the country, Willis says while the money would have to come from somewhere, they're looking at a range of potential tax system changes. 

She says we need to be more competitive with other countries when it comes to our corporate tax rates. 

More details could be coming this week about the procuring company for the Interislander ferries.

In December last year, the Government announced it would set up a company to procure the ferries, freeing up Kiwirail. 

It's committed to a March deadline. 

Willis says she believes Minister-in-Charge Winston Peters has a handle on the process - and will be incorporating once the directors are appointed.

She says her alternative procurement plan is ready to go as a fallback.

"The Minister for Rail is doing the right thing, he is comparing that option with what else might be out there and he's running the process to do that."

LISTEN ABOVE

The Finance Minister's floated potential tax cuts for corporations.&nbsp;
Speaking to Ryan Bridge about economic growth, Nicola Willis says our corporate tax rate is reasonably high compared to the rest of the world.&nbsp;
Asked if she's planning to lower the tax to encourage investment in the country, Willis says while the money would have to come from somewhere, they're looking at a range of potential tax system changes.&nbsp;
She says we need to be more competitive with other countries when it comes to our corporate tax rates.&nbsp;
More details could be coming this week about the procuring company for the Interislander ferries.
In December last year, the Government announced it would set up a company to procure the ferries, freeing up Kiwirail.&nbsp;
It's committed to a March deadline.&nbsp;
Willis says she believes Minister-in-Charge Winston Peters has a handle on the process - and will be incorporating once the directors are appointed.
She says her alternative procurement plan is ready to go as a fallback.
"The Minister for Rail is doing the right thing, he is comparing that option with what else might be out there and he's running the process to do that."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Nicola Willis: Finance Minister hints at upcoming update into procuring new ferries, potential corporate tax cuts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f98d8336-52aa-46c1-9090-b279006c0d93/transcript