Nicola Willis, finance spokesperson for the National Party, hinted at potential reforms to New Zealand’s research and development (R&D) tax credit policy during a panel discussion at BusinessNZ’s election conference in Wellington. The session, held on Tuesday morning, focused on economic updates and policy directions ahead of the upcoming election. Willis emphasized the importance of supporting innovation and business growth, suggesting that the current tax credit system may need adjustment to better align with economic goals.
While no formal policy details were announced, Willis noted that the government is exploring ways to enhance incentives for businesses investing in R&D. This comes amid broader discussions about economic recovery and long-term growth strategies. The remarks were part of a wider conversation on how to stimulate private sector activity and foster technological advancement.
The BusinessNZ event brought together key political figures and industry leaders to debate economic priorities. Willis’s comments reflect growing interest in policies that encourage innovation, particularly in sectors seen as vital to New Zealand’s future. No further details on the proposed changes were provided, leaving the specifics to be clarified in the coming weeks.
