3.2.87
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67
Reduction in Standard Rate
130.
The reduction proposed in the standard rate
ill affect the amount of Profits Tax to be paid by
incorporated businesses, and reduce yields from Property
x and Interest Tax. Taken together, I estimate this
will cost a further $35 million in 1987-88 and $75 million
in a full year. The new standard rate will apply to
provisional and final assessments for 1987-88 on
unincorporated businesses, to provisional and final
assessments for 1987-88 in respect of Property Tax, and
also to final Interest Tax assessments for that year.
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