There’s an interesting contrast in today’s NZ Herald between its rather muddled editorial that appears to poo-poo the R&D tax credit and what our two largest and most innovative companies, F&P Healthcare and F&P Appliances, are saying in the business pages. Both companies speak of the research benefits they gained from labour’s previous tax credit scheme.
I’ve yet to come across a high-tech company - and I’ve visited a lot - that doesn’t believe tax credits are a great thing. The top 100 of these companies generate $6.5 billion and high value jobs. Inevitable perhaps they would say that because they benefit, but with those sorts of numbers, it’s not rocket science to work out that we all win.