Luxon: We are continuing our reform and investment program for rural New Zealand
Wellington, June 10 (Hibya) - New Zealand Prime Minister Christopher Luxon announced that the government has implemented a series of economic and regulatory reforms for rural communities and farmers.
New Zealand Prime Minister Christopher Luxon announced that the government has introduced comprehensive measures for farmers and rural regions.
Luxon stated that the agricultural sector has been removed from the ETS scheme, impractical water regulations have been corrected, and conversions from farmland to forestry have been prohibited. He also noted that the “Ute Tax” has been abolished.
As part of the new investment incentive program, a 20 percent tax deduction will be provided for new assets. Luxon said that the resource management system will be reformed and that permit processes for farmers will be accelerated.
Emphasizing that the government has implemented a Free Trade Agreement with India and that exports have increased by $17 billion, Luxon also announced plans for a permanent budget increase for the Elizabeth II National Trust if his government is re-elected.
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