Investment Boost: Govt's ticking fiscal time bomb

Investment Boost: Govt's ticking fiscal time bomb

Analysis: On its face, the Government’s Investment Boost policy is hard to argue with.It is, in effect, accelerated depreciation. Businesses can deduct an extra 20 percent of a new asset’s value from their taxable income in the first year, before depreciation proceeds as normal.“It is designed to encourage firms to make more growth-enhancing investments now and into the future,” says Finance Minister Nicola Willis.Labour’s finance spokesperson B…