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

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election