NZ government proposes 12.5% R&D tax incentive

Wed, 18 Apr 2018

By Rebecca Howard April 19 (BusinessDesk) - The New Zealand government has proposed phasing out the Growth Grant administered by Callaghan Innovation and introducing a 12.5 percent research and development tax incentive in a discussion document released today. According to Research, Science and Innovation Minister Megan Woods, New Zealand's gross expenditure on research and development is 1.28 percent of gross domestic product, compared to an OECD average of 2.38 percent. While business expenditure on R&D has been rising it is still only...

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