Labour’s Cunliffe offers tax sweetener to stoke ailing wood processing sector

Tue, 18 Mar 2014

By Paul McBeth March 19 (BusinessDesk) - Labour Party leader David Cunliffe has thrown the opposition’s support behind an ailing wood processing sector with a cluster of policy sweeteners, including a tax break to encourage investment in mills. In the party’s first major policy announcement ahead of the September election, Cunliffe said a Labour-led government will introduce tax deferrals for capital investments in the wood products sector by doubling depreciation provisions on plant and equipment. The plan aims to boost capital expenditure...

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