Post by Kiwi Frontline on Mar 7, 2016 16:43:07 GMT 12
Seymour calls on Government to remove iwi tax exemption
ACT Leader David Seymour has congratulated Go Bus for their significant contract win, picking up four South Auckland public transport contracts.
However it is also a demonstration of how lower tax rates make businesses competitive. “As an Iwi-owned trust, Go Bus receives favourable tax treatment,” says Mr Seymour.
“The 28 per cent company tax rate means that New Zealand companies pay one of the highest effective tax rates on capital in the world, even allowing for imputations. Iwi pay the lower Maori Authority rate of 17.5 per cent.
“ACT’s policy is to harmonise the company tax of 28 per cent with the Maori Authority rate of 17.5 per cent over time…
www.scoop.co.nz/stories/PA1603/S00111/seymour-calls-on-government-to-remove-iwi-tax-exemption.htm
ACT Leader David Seymour has congratulated Go Bus for their significant contract win, picking up four South Auckland public transport contracts.
However it is also a demonstration of how lower tax rates make businesses competitive. “As an Iwi-owned trust, Go Bus receives favourable tax treatment,” says Mr Seymour.
“The 28 per cent company tax rate means that New Zealand companies pay one of the highest effective tax rates on capital in the world, even allowing for imputations. Iwi pay the lower Maori Authority rate of 17.5 per cent.
“ACT’s policy is to harmonise the company tax of 28 per cent with the Maori Authority rate of 17.5 per cent over time…
www.scoop.co.nz/stories/PA1603/S00111/seymour-calls-on-government-to-remove-iwi-tax-exemption.htm
