Budget 2010 Daily News Alert - Tues, May 11, 2010

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BusinessWire - Technology grants to replace r&d tax credits: Key
May 11 (BusinessWire) - The government will trust medium to large-scale, research-intensive companies to spend new research and development grants as they see fit, rather than reinstate tax incentives which its says encouraged creative accounting.
MORE >> http://business.scoop.co.nz/2010/05/11/technology-grants-to-replace-rd-tax-credits-key/

Businesswire - KiwiSaver returns plateau after four quarters
May 10 (BusinessWire) – KiwiSaver funds provided positive returns for the fourth straight quarter, though the growth is running out of steam and ongoing fears of a debt crisis in the euro zone may be partly to blame, according to Mercer (NZ) Ltd.
MORE >> http://business.scoop.co.nz/2010/05/10/kiwisaver-returns-plateau-after-four-quarters/

Energy & Environment Weekly - Key Hints At Mining Royalties Review
While oil, gas and minerals are likely to take a back seat in next week’s Budget, to be delivered on Thursday, John Key is dropping hints mining royalties could rise at some stage in the future. Speaking at his post-Cabinet press conference, Key said there were no royalties proposals in the Budget, but appeared to acknowledge perceptions the current royalties regime does not reward NZ sufficiently for resource extraction.
MORE: http://nzenergy-environment.co.nz/home/free-articles/key-hints-at-mining-royalties-review.html

Transtasman - Tax Changes Fiscally Neutral - But Will It Damage Growth?
The Govt is insisting its tax package will be fiscally “neutral,” and at the same time, taxpayers will be better off, even after GST is lifted to 15%.
MORE >> http://transtasman.co.nz/home/free-articles/tax-changes-fiscally-neutral-but-will-it-damage-growth.html

Transtasman - Budget To Blow Away Economic Uncertainty
AXA chief economist Bevan Graham says “we could look back on this year as the dawning of new age of prosperity, if the risks can be as successfully managed as the financial crisis was.”
MORE >> http://transtasman.co.nz/home/free-articles/budget-to-blow-away-economic-uncertainty.html

Transtasman - Early Signs Economy Is Shifting Its Focus
In the GDP figures for December, the Govt sees some early signs of the shift in the NZ economy it wants. A shift it believes can be accelerated by tax changes in the budget. MORE >> http://transtasman.co.nz/home/free-articles/early-signs-economy-is-shifting-its-focus.html

Transtasman - English’s Budget To Tilt Economic Dynamics
In the budget next month Bill English may have to exercise the skill of a Jeremy Clarkson in driving the economy, putting his foot on the accelerator to speed up economic re-balancing, stamping on the brake in holding Govt spending. MORE >> http://transtasman.co.nz/home/free-articles/englishs-budget-to-tilt-economic-dynamics.html

Transtasman - Govt To Turn Around State Sector Spending
The Budget is all but locked down, and Finance Minister Bill English concedes he is “happy” with the way major departments have buckled down to living within the cap of $1.1bn of new spending.
MORE >> http://transtasman.co.nz/home/free-articles/govt-to-turn-around-state-sector-spending.html

Transtasman - Hold Down Inflation, Or Choke Recovery?
NZ’s economic recovery remains fragile, despite the commodity export boom (the ANZ says its NZD Commodity Price Index hit a new record high in April, with ten of the 13 commodities monitored rising during the month).
MORE >> http://transtasman.co.nz/home/free-articles/hold-down-inflation-or-choke-recovery.html

Trans Tasman - Budget 2010: Transtasman Tips On Budget 2010
MORE >> http://scoop.co.nz/stories/BU1005/S00275.htm

The Scoop Team - Budget 2010 - Sign Up To Free Daily/Weekly Alerts
MORE >> http://scoop.co.nz/stories/HL1005/S00081.htm

NZ Govt - Key: Budget 2010: Investing in NZ’s future
MORE >> http://scoop.co.nz/stories/PA1005/S00158.htm

NZ Govt - Budget provides $321m for RS&T activities
MORE >> http://scoop.co.nz/stories/PA1005/S00157.htm

Employers And Manufacturers Association - Research emphasis in Budget bang on productivity
MORE >> http://scoop.co.nz/stories/BU1005/S00306.htm

Business New Zealand - Business NZ endorses Budget focus on innovation
MORE >> http://scoop.co.nz/stories/BU1005/S00298.htm

The Royal Society of New Zealand - PM’s Budget emphasis on research, science and tech
MORE >> http://scoop.co.nz/stories/SC1005/S00030.htm

NZBIO - NZBIO Urges Government to Include Innovative SMES
MORE >> http://scoop.co.nz/stories/SC1005/S00027.htm

Science New Zealand - Knowledge breeds prosperity
MORE >> http://scoop.co.nz/stories/SC1005/S00032.htm

NZ Govt - Science, innovation keys to economic growth
MORE >> http://scoop.co.nz/stories/PA1005/S00161.htm

Wellington Regional Chamber of Commerce - Chamber Welcomes Govt’s Investment in Science
MORE >> http://scoop.co.nz/stories/BU1005/S00311.htm

Manufacturers and Exporters Association - Pale shadow of the R&D tax credit
MORE >> http://scoop.co.nz/stories/BU1005/S00320.htm

Green Party - R&D funding boost should prioritise green tech
MORE >> http://scoop.co.nz/stories/PA1005/S00165.htm

ENDS

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