It's right to loosen reins on R&D tax breaks

It's right to loosen reins on R&D tax breaks
Growth in the rate of research and development has been sluggish over the last decade. (Image: Deposit Photos)
Peter Griffin
The fledgling research and development tax incentive scheme is to get some much-needed tweaks following a review by PwC that found it has been taking too narrow a view of what constitutes eligible R&D activity and spending.The agencies managing the scheme, the Ministry of Business, Innovation and Employment (MBIE), Callaghan Innovation and Inland Revenue, said last week that new guidelines reflect “a broader interpretation of what constitutes core eligible R&D activity meaning more R&D will be supported under the RDTI”.C...

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