3279 (2025). Hon Barbara Edmonds to the Minister of Finance

3279 (2025). Hon Barbara Edmonds to the Minister of Finance: What is the estimated fiscal cost of a 1-percentage-point reduction in the corporate income tax rate?

Hon Nicola Willis: The Treasury and Inland Revenue advise that a 1 percentage point reduction in the corporate income tax rate would reduce revenue by approximately $460m in the 2026/27 year. Treasury and Inland Revenue advise that this is an indicative estimate, and their estimate may change with further analysis.