Well I did wake up this morning (see yesterday's post) and nothing has fundamentally changed. No-one could accuse Michael Cullen of being 'radical'.
Corporation tax down to 30%, tax credits for R & D and a beefed up Kiwisaver regime. Looking overseas, it seems to be more of a case of NZ catching up to match other OECD norms. But at least the process has started; even if some of these 'new' policies don't actually kick in until 2008 and beyond.
As to yesterday's Blog 'wish list', NZTE's Market Development Assistance Scheme gets an extra $87 million spread accross the next four years. The focus seems to be on developing Asian markets. An extra $6.2 million goes to expand the Beachheads programme over the next four years. 3 out of 5 for effort, I would say.
On Monday, I speculated that the week ahead would be focused on developments offshore. Wrong. Medium-term it looks like the action is going to be focused very much on opportunities here in New Zealand. John Beer, my UK Pingar partner, flies into Auckland next Thursday and there then follows a hectic round of meetings. An interesting few weeks and months ahead, I suspect.
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