Tax dominates New Zealand budget
21 May 2010
Tax has dominated New Zealand's annual budget, five months after the government was told that the country's tax base was under threat.
Tax has dominated New Zealand's annual budget, five months
after the government was told that the country's tax base was
The changes come after a body known as the Tax Working Group
that was set up to review tax rules concluded that the system
had become incoherent.
The government accepted this approach and so Bill English,
the finance minister, used his speech to outline significant tax
The corporate tax rate will be reduced from 30% to
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