Willis damps down talk of a huge depreciation change

Willis damps down talk of a huge depreciation change
PM Christopher Luxon and Finance Minister Nicola Willis talked up their "growth" Budget. (Image: BusinessDesk)
Pattrick Smellie
Finance Minister Nicola Willis is giving a “cool your jets” message on speculation of a massive change to the tax treatment of depreciation in the May 22 Budget.Speculation in some news media and “some wrong costings out there in the market” had led to talk of 100% expensing or depreciation regime, she told the weekly post-Cabinet press conference.“Let me be very clear,” she said. “A policy of that sort at 100% would come with a fiscal price tag of $34 billion over the next four years, more than $8 bill...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025