“The ‘Ebb and Flow’ of Fiscal Support for Research and Development: A New Zealand Reflection” (2020)
AuthorsSawyer, A.J.show all
New Zealand’s (NZ’s) investment in R & D activities as percentage of GDP has remained near the bottom of OECD member countries. Efforts to improve this level have involved various targeted grants, tax credits (twice), and cashing out of R & D losses (a form of government loan), and have ebbed and flowed with the changes in government. This paper reviews NZ’s approach from the early 2000s to the latest tax credit scheme that took effect in 2019. It reveals that the level of uncertainty, frequent change and political philosophies has done little to encourage businesses to take risks through increasing their investment in R & D.
CitationSawyer A (2020). “The ‘Ebb and Flow’ of Fiscal Support for Research and Development: A New Zealand Reflection”. Journal of the Australasian Tax Teachers Association. 15(1). forthcoming-forthcoming.
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KeywordsIncentives; New Zealand; Policy; R & D (research and development)
ANZSRC Fields of Research16 - Studies in Human Society::1605 - Policy and Administration::160511 - Research, Science and Technology Policy
15 - Commerce, Management, Tourism and Services::1501 - Accounting, Auditing and Accountability::150107 - Taxation Accounting
15 - Commerce, Management, Tourism and Services::1503 - Business and Management::150307 - Innovation and Technology Management
16 - Studies in Human Society::1605 - Policy and Administration::160510 - Public Policy