Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Hodgson's Negative Outburst Extraordinary

Science Minister Pete Hodgson's outburst rejecting our request that Government honour its pre election pledge to allow the full tax deductibility of r&d costs was extraordinary, says Employers and Manufacturers Association, chief executive Alasdair Thompson.

"All we were asking was for Government to honour its pre election mandate," Mr Thompson said.

"This would be a useful start for Government to express its genuine concern to build a stronger relationship with business.

"Mr Hodgson misinterpreted the point of our request as well attacking the messenger. Before the election Pete Hodgson led Labour's espousal of the innovation driven economy, including his support for the full write off of r&d costs in the year they were incurred.

"Business responded favourably. Now he is backtracking.

"Mr Hodgson challenges us to produce a statement where the present Government has criticised the private sector for inadequate spending in this area. Last week Dr Cullen told the NZ Herald (May 31st) 'the private sector needed to come to the party because its r&d investment was low by world standards.'

"This is precisely the sort of misinformation coming from Government so frustrating to business. The reason our r&d spend is so low is because Inland Revenue does not allow it to be 100 per cent deducted, so business declares it to be it something else and claims it as a legitimate cost of remaining competitive.

"The approach is not only askew with what other countries do, it repeats negative signals about New Zealand's attitude to investment in innovation.

"What business wants is the retention of finely targeted grants for r&d as well as the full expensing against tax of the costs associated with undertaking innovation."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>


Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>


Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>


Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>


Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>




InfoPages News Channels