NDP say they want to cut small business taxes

In a move not typical of the NDP movement, Newfoundland and Labrador’s New Democratic Party is promising to cut taxes for small business if it forms the province’s next government. “We are proposing that we will reduce small business taxes by 25 per cent in our first year of government, if we were to become government,” said provincial NDP leader Lorraine Michael Thursday. Under the plan, small business taxes would drop from four per cent to three per cent – a move which would cost the province $4 million annually.

Source: CBC

Get our weekly newsletter for in-depth reporting and analysis delivered straight to your inbox. You can unsubscribe from the newsletter at any time. Have a question? Contact us or review our privacy policy for more information.


Sign up for our weekly Indygestion newsletter


Sign up for the Indygestion newsletter

Each Saturday, we'll deliver a recap of all our in-depth reporting and analysis from the week.

Our donors make it possible.

Newfoundland and Labrador’s premiere outlet for progressive ideas is only possible with your support. Will you join us?

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top