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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/6201cdd2-b95a-41d2-8d50-b27a005383f0/transcript