Christopher Luxon: Prime Minister talks the Interislander ferries, tourism from China, corporate tax cuts

The Mike Hosking Breakfast

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The Prime Minister's open to corporate tax cuts in this year's budget.

Nicola Willis told Ryan Bridge on Newstalk ZB last night that our corporate tax system isn't competitive enough with other countries.

She confirmed the corporate tax rate, currently sitting at 28 percent, is being looked at as part of the whole business tax system.

Christopher Luxon confirmed with Mike Hosking they're willing to make changes, and there's a lot of possible options.

He says any announcement would be part of the May budget.

Luxon says lower tax rates are one way to encourage growth, as well as incentivising investment in things like technology.

Auckland’s Mayor Wayne Brown is urging the Government to ease the visa restrictions for Chinese tourists.

China has a policy that allows New Zealanders visa-free access if they’re visiting for less than 30 days – a policy Brown says we should be reciprocating.

Luxon says there are some challenges involved in powering up the number of Chinese tourists coming into the country.

He told Hosking that there are genuine immigration concerns to consider, and they need to ensure there’s a good policy in place.

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