Thursday, December 07, 2006

NZ's R&D tax breaks

described by Brian Fallow here.
Sounds like a fairly modest proposal that will maintain our status quo position.
Let's face it, 3 hours away there's a big country that pays more and invests more in these areas. It takes a pretty special kind of person to refuse to go where the work is.
I'm cynical but i think we're going to see a lot of QA and QC procedures qualifying as 'innovative developments' and hence more misallocation of resources.
Mind you, to be fair, you don't get to be in the bottom half of the OECD rankings by accident. It takes years of cummulative effort for that kind of result.

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