Tax expert hails 20% deduction as golden opportunity for agribusiness investment
A tax advisory specialist is hailing a 20% tax deduction to spur business asset purchases as a golden opportunity for agribusiness.
Take for example the Taxpayers Union that singled out Christchurch City Council for its catering costs in 2017. The headline in the union’s media release read, ‘Canterbury catering costs revealed: Christchurch City Council spends $51,000 on milk’. WOW! It turns out the council spent $350,208 on entertainment, gifts and catering which included the $51,000 on milk. What’s the problem? It wasn’t alcohol, soft drinks or water – it was money spent on the most nutritious drink available. The mind boggles at the stupidity of this born-to-moan outfit.
