Nats’ limited thinking stifling innovation – Labour


Source: New Zealand Labour Party – Nats’ limited thinking stifling innovation

Businesses trying to innovate and create better products are being let down by this Government with an industry expert saying Steven Joyce’s mini-tax credits will have almost no impact, says Labour’s Finance spokesperson Grant Robertson.

“Andrew Dickeson, director of taxation services at Staples Rodway said: ‘I think people will be slow to change their approach to R&D based on this’.

“He’s exactly right. These half-baked tax credits come with some serious small print – when the business becomes profitable it has to pay them back. That’s not an incentive, it just encourages creative accounting.

“What’s needed is a more comprehensive approach with across the board research and development tax credits. The piecemeal approach from National means the economy as a whole is missing out on crucial investment that will create high paying jobs.

“Businesses want an innovative partner in Government to support them. They won’t get it with Steven Joyce,” says Grant Robertson.


Selwyn Manning, BCS (Hons.) MCS (Hons.) is an investigative political journalist with 23 years media experience. He specializes in reportage and analysis of socioeconomics, politics, foreign affairs, and security/intelligence issues. Selwyn has extensive experience as a commentator and has provided live political analysis to a wide range of television and radio organizations broadcasting in New Zealand, Australia and globally including the BBC (Five Live, London) and BBC (World Service). He is currently a correspondent to Australia's FiveAA radio, and is a regular live-on-air panelist on Radio New Zealand's The Panel with broadcaster Jim Mora.