Labour to double depreciation rate in targeted industries

Thu, 17 Apr 2014

By Pattrick Smellie April 17 (BusinessDesk) – The major new element in the Labour Party’s manufacturing policy, announced today, assumes depreciation rates for assets in each affected industry would double, a party spokesman says. The additional details from this morning’s manufacturing policy announcement by Labour leader David Cunliffe comes as predictable brickbats and bouquets arrived from across the political spectrum. Economic Development Minister Steven Joyce called it “same old, same old”, while the First Union headlined its press st...

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