Larry Williams Drive

New Zealand could have one of the least competitive corporation tax rates - but that could change by May. The Prime Minister has hinted this year's Budget could make way for relief.  The rate has stayed on 28 percent since 2011 - but Finance Minister Nicola Willis is making comparisons with countries like Ireland, with a 12.5 percent rate. Advisory expert Robin Oliver says such a change would have a big impact. "If we went down to 25, that'll cost us about a billion dollars per annum in tax - and that still wouldn't be much competitive compared to these small, open economies." LISTEN ABOVESee omnystudio.com/listener for privacy information.