NZ First proposes tax breaks for nationally-significant infrastructure
New Zealand First wants tax concessions for sovereign funds investing in major infrastructure projects to address the country's savings deficit.
New Zealand First is proposing significant tax concessions for sovereign funds that invest in nationally-significant infrastructure projects. The party plans to campaign on the policy to help fund more large-scale projects without relying on continued government borrowing. The idea was previously raised by the Ardern Government's Tax Working Group.
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NZ First wants tax breaks for nationally-significant infrastructure
New Zealand First is proposing major tax concessions for sovereign funds investing in “nationally-significant infrastructure”, resurrecting an idea raised by the Ardern Government’s Tax Working Group. Regional Development Minister Shane Jones said NZ First would campaign on such a tax…