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BUDGET 2013 loss-making start-ups to get R and D tax deduction boost
By Pattrick Smellie May 16 (BusinessDesk) - Loss-making start-up companies which invest heavily in research and development will be targeted for tax breaks under a scheme announcing a range of small concessions and new initiatives to more effectively tax foreign-owned companies...
BUDGET 2013 ACC levy cuts to cancel out fiscal drag
by Pattrick Smellie May 16 (BusinessDesk) - Accident Compensation Corp levies are projected to be cut progressively to give businesses savings of $1 billion a year by 2015/16, roughly cancelling out the impact of fiscal drag on the government's accounts. The Budget documents sh...
BUDGET 2013 Meridian mega-float to fund rail, hospitals, schools, irrigation
May 16 (BusinessDesk) - The country's most valuable electricity company, Meridian Energy, will be partially privatised in the second of this year, assuming market conditions make it a good time to sell, Finance Minister Bill English announced in today's budget. The widely antici...
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