New Zealand could have one of the least competitive corporation tax rates - but that could change by May.

The Prime Minister has hinted this year's Budget could make way for relief. 

The rate has stayed on 28 percent since 2011 - but Finance Minister Nicola Willis is making comparisons with countries like Ireland, with a 12.5 percent rate.

Advisory expert Robin Oliver says such a change would have a big impact.

"If we went down to 25, that'll cost us about a billion dollars per annum in tax - and that still wouldn't be much competitive compared to these small, open economies."

LISTEN ABOVE

New Zealand could have one of the least competitive corporation tax rates - but that could change by May.
The Prime Minister has hinted this year's Budget could make way for relief.&nbsp;
The rate has stayed on 28 percent since 2011 - but Finance Minister Nicola Willis is making comparisons with countries like Ireland, with a 12.5 percent rate.
Advisory expert Robin Oliver says such a change would have a big impact.
"If we went down to 25, that'll cost us about a billion dollars per annum in tax - and that still wouldn't be much competitive compared to these small, open economies."
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

Robin Oliver: OliverShaw Tax Partner on the Government hinting towards changes to corporate tax settings

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/05f4be29-e192-4dae-8590-b27a00538dce/transcript