Team New Zealand win good for economy
Sport and Recreation Spokesperson
26 August 2013
Team New Zealand win good
Team New Zealand winning the Louis
Vuitton Cup challenger series in San Francisco will raise
New Zealand’s profile in the United States and Europe, and
boost our economy, Labour’s Sport and Recreation
spokesperson Trevor Mallard says.
“The design team
behind Team New Zealand is a high-tech brains trust. It is
probably the best design team in the country and exactly the
type of innovation the Government should be
“Team New Zealand has raised offshore all
but the $36 million allocated by the previous government and
the resulting PAYE and GST means that New Zealand has had
massive publicity at no net cost to the taxpayer,” Trevor
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