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


R&D tax rule changes wanted asap please

Media Release March 5th, 2001

R&D tax rule changes wanted asap please, Dr Cullen, plus lower corporate tax rates

Business is pleased Finance Minister Dr Cullen is about to introduce a bill to Parliament containing new tax rules applying to R&D, the Employers & Manufacturers says.

"New Zealand business wants Government to honour its pre-election pledge to allow the full write off of R&D expenses in the year they are incurred," said Alasdair Thompson, EMA's chief executive.

"But we understand the complexities that the issue raised for Government and IRD.

"We want to reassure Government that business has no desire for New Zealand to copy Australia's policy on the tax treatment of R&D because we think there are better ways to attract investment here than theirs.

"But we still need urgent bold initiatives to ensure our economy gears itself faster for transformation into a knowledge based economy than at present.

"In his announcement last Friday about the new R&D tax rules, Dr Cullen said they would apply to the 2002-2003 tax year but could be brought in sooner if there was a clear call to do so. We are making that call.

"But what would make a real difference to the investment outlook would be if, at the same time, cuts in our corporate tax rates were to be foreshadowed.

"Meanwhile business is increasingly keen on Science Minister Pete Hodsgon's venture capital funding proposals. In combination with the new R&D tax rules they appear a dynamic way to focus our state funded science related investment onto innovation and technology development projects."

Further comment: Alasdair Thompson tel 09 367 0911 (bus) 09 303 3951 (hme)
025 982 024

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Ministerial Inquiry: Broad Look At Mental Health And Addiction Services

The Government has taken a major step towards improving mental health and addiction services with Prime Minister Jacinda Ardern announcing details of a ministerial inquiry.

The Inquiry into Mental Health and Addiction will be chaired by former Health and Disability Commissioner, Professor Ron Paterson, and will report back to the Government by the end of October. More>>


Wealth: Two NZers Own More Than Poorest 30%

A staggering 28 per cent of all wealth created in New Zealand in 2017 went to the richest 1 per cent of Kiwis, while the 1.4 million people who make up the poorest 30 per cent of the population got barely 1 per cent, according to new research released by Oxfam. More>>


Employment: Joint Working Group On Pay Equity Principles Reconvened

Minister for Workplace Relations and Safety, Iain Lees-Galloway, and Minister for Women, Julie Anne Genter, are reconvening the Joint Working Group on Pay Equity Principles as the next step in pay equity for New Zealand women. More>>


Hapū: Prime Minister And Clarke Gayford Expecting First Child

Prime Minister Jacinda Ardern and her partner, Clarke Gayford, have announced that they are expecting their first child in June. “We’re both really happy. We wanted a family but weren’t sure it would happen for us, which has made this news unexpected but exciting." More>>


Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care. Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More >>

Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List. “Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said. More
Full list

Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>





Featured InfoPages