NCC: tax must be kept low for competitiveness

Taxes on income must be kept low, and even reduced in some cases, to maintain competitiveness, according to a submission to the Commission on Taxation from the National Competitiveness Council (NCC).

14th June, 2008

Taxes on income must be kept low, and even reduced in some cases, to maintain competitiveness, according to a submission to the Commission on Taxation from the National Competitiveness Council (NCC).

However, the NCC said revenue could be raised for local authorities through a new property tax and other additional charges on households.

The NCC, set up under social partnership to advise the government on competitiveness, said maintaining a low tax take on income was...

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