Originally Posted by
elZorro
No, taxes are not harmful FP, they are there to value the currency..because let's face it, the government could simply print more money if they need it. Thinking about it, that would devalue the NZ$, just like our exporters are wishing for....
OK, longer term, we need better exports. Not more volume, more profit. Without a margin, we are doomed to be price takers, like every farmer. Yes, R&D is a bee in my bonnet, because it's a very important driver of these future profits.
The government's job is not to back just a few likely corporate developers of our new prosperity, they must give us all a chance to get there. They need to set the taxes up as a guideline towards that future, in other words reinstate the R&D tax credits that Labour set up, in line with Australia, and many other countries who are more enlightened on the potential of their manufacturing sector.
It's looking more and more likely that Labour will be back after the next election, so I only have two years to wait.
FP, should I stick to basic business, hunker down and forget any new product development, as the govt is saying, until 2014, or should I keep up with my plans for world domination in just one or two tiny little niche areas?