Manuel cuts corporate tax

There was unanimous support for the first clutch of bills giving legal effect to the tax changes proposed in Finance Minister Trevor Manuel's February budget, when he presented them in the National Assembly yesterday. He said he hoped the cut in the headline corporate income tax rate from 29percent to 28percent would inspire confidence in the economy and contribute to investment, growth and job creation. - I-Net Bridge

There was unanimous support for the first clutch of bills giving legal effect to the tax changes proposed in Finance Minister Trevor Manuel's February budget, when he presented them in the National Assembly yesterday. He said he hoped the cut in the headline corporate income tax rate from 29percent to 28percent would inspire confidence in the economy and contribute to investment, growth and job creation. - I-Net Bridge

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