In the minds of members of our new government, much of whatever hope they have of transforming New Zealand’s economic performance (productivity, foreign trade and so on) seems to rest on the proposed R&D tax credit.
Don’t just take my word for that. Yesterday, they released a discussion document on details of the new tax credit, which is scheduled to take effect next year. The document is headed “Fuelling Innovation to Transform our Economy” . In the Foreword, ministers gush
This Government’s vision is to build a better New Zealand for all our people and we see an incredible opportunity ahead of us to do this.
That means a country with affordable, healthy homes; an environment we can be proud to leave to future generations; and a diverse, sustainable, and productive economy that delivers for our people.
This vision can’t be delivered with the same old approaches. We…
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Utopia, you are standing in it! 
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