The Prime Minister's striking a sympathetic tone, over calls to allow businesses to better utilise spending on investments
The Prime Minister's striking a sympathetic tone, over calls to allow businesses to better utilise spending on investments
19 May 2025
Pressure's mounting for the Government to allow full expensing of businesses capital expenditure -- that is, allowing companies to write off spending on things like plant equipment as a business expense.
This would require changes to tax law -- but would incentivise businesses to spend more on equipment and worry less about deprecation.
Chris Luxon says it's something he's open to.
He says the idea isn't an unattractive one -- as, when looking at the small businesses in New Zealand, the top 10-percent are seven times more productive than the bottom 10-percent.
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