Budget 2018

Budget 2018

“We are committed to living within our means and having a buffer to deal with the risks and shocks that a small country like New Zealand inevitably faces.” Hon Grant Robertson, Finance – Minister There weren’t too many surprises with the 2018 Budget. It marks a...
Health

Health

Health spending is the headliner of the 2018 budget, with an extra $750 million allocated to capital spending and an additional $3.2 billion to operational funding over the next 4 years. The Minister described this as “bread and butter funding”. The new capital is...

Tax

“Our tax system will be fairer and more balanced to encourage investment in the productive economy.” Grant Robertson The budget position on tax is something of a watching brief. The Tax Working Group (TWG) was a tangible presence while the Budget was read but their...
Compliance agenda

Compliance agenda

There is a drive to widen the tax base. With that in mind, the Government will provide extra operating funds to Inland Revenue to collect more taxes and, in particular, to ensure outstanding company tax returns are filed. At a proposed cost of $31.3 million this is...
Supporting innovation – R&D

Supporting innovation – R&D

The Budget allocates $1 billion over four years to finance tax incentives for more research and development (R&D) by Kiwi businesses. R & D has had something of a Stop Go course over the last decade with a range of measures deployed. These have included...
Provincial Growth Fund

Provincial Growth Fund

Announced in February, the Provincial Growth Fund (PGF) has been allocated $1 billion across both operating and capital expenditure. This includes funding across the One Billion Trees programme and investment-ready initiatives. It is early days yet to predict outcomes...