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Politics
4 mins to read
4

Concerns raised about parts of Government’s tax plan

Depreciation deductions should be restored as soon as fiscal pressures permit, say officials.

New Zealand has the highest hurdle rate in the OECD for investing in commercial and industrial buildings.

Brent Edwards Tue, 14 May 2024

Government ministers ignored warnings that removing depreciation deductions for commercial building owners would negatively affect productivity and put off foreign investors.

In papers posted on Inland Revenue’s website, the IRD recommended the Government not remove depreciation deductions for

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Brent Edwards Tue, 14 May 2024
Contact the Writer: brent@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
interest deductibility depreciation tax Budget 2024 Inland Revenue Department Treasury productivity foreign investment Nicola Willis rents house prices
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