Treasury criticised R&D tax credit, Govt should lower corporate rate

 

In 2008, the Government’s economic advisor set out various concerns about an R&D tax credit.

 

“Grant Roberston should listen to these concerns and instead lower the corporate tax rate for all businesses”, says ACT Leader David Seymour.

 

“The Treasury said the estimated fiscal cost of maintaining the credit [would be] $373 million a year and that it incurred significant fiscal and compliance costs for businesses.

 

“It also questioned the credit’s effectiveness,

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Government should heed warning on protectionism

 

“Jacinda Ardern’s government is being warned that its protectionism will scare away foreign investors”, says ACT Leader David Seymour.

 

Documents released by Treasury show the Government’s restrictions on overseas investment in rural land may ‘negatively affect New Zealand’s attractiveness as a destination for overseas investment’ and may have ‘unintended consequences and complicate the assessment of overseas investments the Government may wish to facilitate.’

 

“The Government pays lip service to

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Jacinda tries to re-write history in new interview

 

“Jacinda Ardern is trying to re-write history with comments that she ran an ‘outward facing’ election campaign”, says ACT Leader David Seymour.

 

In a new interview, the Prime Minister said ‘The suggestion in any way that New Zealand wasn’t an open outward facing country, the suggestion that I was leading something that was counter to that value, made me extremely angry.’

 

“Labour’s policy during the election campaign was to cut immigration numbers

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Free Press, 16 April 2018

 

Another Jacinda Surprise 

 

Last week, the Government decided to kneecap one of our most important industries, putting New Zealanders’ wellbeing at risk for what is essentially a photo op.

 

Hurting the economy…

 

The Government’s decision to end offshore oil and gas exploration will put thousands of jobs at risk.

 

The oil and gas industry contributes $2.5 billion to the New Zealand economy and $500 million to the Government in royalties

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