The government is to proceed with new a regime allowing start-up companies to cash out all or part of their tax losses from research and development expenditure, and to write off “black hole” R&D spending on unsuccessful projects. The announcements are expected to cost the government around $58.1 million over four years and follow a consultation process in which both …

Six years ago, just before the global financial crisis but as a local recession was taking hold, then Finance Minister Michael Cullen delivered substantial tax cuts in the last Budget of the Labour-led government’s nine year reign. With a general election looming, it looked like the kind of Budget the Finance Minister in a National-led government might have liked to …

The New Zealand Debt Management Office will lift issuance by $3 billion over the coming four years on a slower forecast return to cash surplus. The DMO will raise $8 billion in 2014/15, and $7 billion each of next three years, with an extra $1 billion to be issued in 2015, 2017 and 2018, it said in a statement. The …