This paper expands on the Secretariat’s paper provided to support the Group’s previous discussion on the company tax rate. The paper briefly outlines the theory of company taxation in a small open economy.
In Session 6 a Business Tax Paper was presented which considered the pros and cons of a cut to the company tax rate. In Session 8 we provided further information on the theory of a company tax cut in a small open economy and modelling results.&nbs
The independent advisor has suggested the Group should consider rules targeted at a subset of the self-employed. Specifically where the self-employed person has minimal capital invested in the business or has no employees.
New Zealand has a formalised Generic Tax Policy Process (GTPP) which contains opportunities for public engagement throughout the different phases of the policy process. We consider that the GTPP plays an important role in creating and sustaining a