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Science and Innovation Minister Steven Joyce and Revenue Minister Todd McClay today released a Government consultation document, Black hole R&D expenditure, which seeks feedback on proposals to resolve problems around the tax deductibility of certain types of business-related research and development expenditure.

Science and Innovation Minister Steven Joyce and Revenue Minister Todd McClay today welcomed the release of an Inland Revenue Department tax policy paper which seeks public feedback on proposals to improve cash flow and remove tax distortions on research and development costs for start-up Kiwi businesses.