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The Government is proposing a system of 12.5% tax refunds on company investment in R&D for expenditures over $100,000 a year. The system would work in tandem with the R&D grants administered by Callaghan Innovation and would replace the current Callaghan Growth Grants.

For the purposes of this submission, it is important to note that Wellington region businesses contribute significantly to the city and region’s rate-take.

Our organisation welcomes the opportunity to submit on the international treaty examination of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).