Thank you, Madam Chair. Actually the question that I had in my mind, and that I had before Mr. Ramsay started asking, is the same one as his, but seeing as I am an experienced Member, I noticed that it is mentioned again in the Minister's opening statement, which we can ask questions on. It is on page 2 of 2 of the Minister's opening statement. It speaks to the revenues that we would get from changes in the corporate tax rate. It says that the increase from 12 to 14 percent would raise $8 million in 2004-05, but an extra $12 million in revenue at the 12 percent would lose $12.8 million on the grant. I want to know, is the $12 million in revenue, it says an extra $12 million, but let me ask the Minister, Madam Chair, how much revenue would 12 percent corporate taxes raise, and how much revenue would 13 percent raise, and how much revenue would 14 percent raise? Where is the cut-off in which we would actually see net gain rather than net loss? Thank you.
Sandy Lee on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 30th, 2004. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
March 29th, 2004
Page 482
See context to find out what was said next.