NZ First Proposes Tax Breaks

July 22, 2014 New Zealand Taxation

Targeted tax measures could help exporters in New Zealand.

On July 21st the New Zealand First party issued a transcript of a speech delivered by Winston Peters, listing several of the party’s policies in regards to supporting the national export industry, suggesting that new tax measures could be to boost the sector.

According to Winston Peters, New Zealand First will provide tax incentives to businesses to engage in research and development activities, boosting innovation in the country, and helping increase the rate of growth of exports out of New Zealand.

He added that New Zealand First believes that export businesses should enjoy a lowered corporate income tax rate of 20 percent.

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