NZ First has pledged to lower the tax rate for small and medium-sized businesses.
The party said it will campaign to lower the company tax rate for companies with turnover below $30 million from 28% to 20%.
It said the reduction would have an estimated initial annual cost of $1 billion, but claimed it would be "more than covered" in the medium term.
The party believed this could be achieved due to "more companies collectively paying a lower tax rate, higher employment, a growing economy, and more spending".
"This is a much-needed bold step to encourage more investment by our small businesses that will create higher productivity, expand their business, and employ more New Zealanders," an NZ First spokesperson said.
"Corporate taxes can reduce productivity, particularly in entrepreneurial and innovative sectors. Lower company tax rates can improve long-run productivity growth, and stimulate the creation of new companies.
"A lower tax rate leaves additional cash available for reinvestment and reduces reliance on bank debt."
NZ First said the policy would move away from "short-term sugar hits" to "proper long-term investment".
"New Zealand needs to catch up to key competitors to ensure that we are seen as a country of growth for our businesses that innovate and create productivity and employment."
TVNZ has extensive coverage of the election campaign. (Source: TVNZ)
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