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Budget 2023 included a 20 per cent rebate for game development studios that meet a minimum $250,000 expenditure threshold per year. Individual studios will be able to receive up to $3 million per year in rebate funding, and the $160m scheme will be backdated to April 1, 2023. Read more
When I started learning English, I didn’t understand the popular idiomatic proverb: “You can’t have your cake and eat it too.” Of course, you can eat your cake if you have one. It’s the whole point of a cake – being eaten. Read more
In this thought-provoking episode, the Initiative’s economists – Dr Oliver Hartwich, Dr Eric Crampton, Dr Tony Burton, and Dr Bryce Wilkinson – dive into the debate over whether Australia is a better option for skilled talent. They discuss the current challenges faced by New Zealand in terms of health, education, and infrastructure, and how the nation's performance is deteriorating relative to Australia. Read more
An IRD report on effective rates of tax attracted much public attention last week. It was launched by the Minister of Revenue, David Parker. Read more
In 1983’s classic film War Games, computer-whiz Matthew Broderick hacked into Pentagon supercomputer WOPR - almost starting World War 3. WOPR had been programmed for war gaming. Read more
Everyone who contributes to traffic congestion already pays for it in about the worst way possible: through their time, and through excess wear and tear on – and emissions from – vehicles idling in stop-and-go traffic. Shifting to congestion charging would help ensure freer-flowing traffic. Read more
Annual inflation has fallen from 7.2% in the fourth quarter of 2022 to 6.7% in the first quarter of 2023. On the surface, this is good news. Read more
Australian cities just became a lot more attractive for younger Kiwis. New Zealand’s housing will have to become a lot more affordable, in a hurry, to avoid losing them. Read more
In this podcast episode, the Initiative’s chief economist Eric Crampton is joined by OliverShaw Principal, Robin Oliver, to discuss new independent research which shows that high-wealth individuals pay more tax on average and represent a higher proportion of the total tax take than may previously have been thought. It has been strongly suggested that, in practice, New Zealand’s income tax regime is not as fair as statutory tax rates would suggest. Read more
After the Global Financial Crisis of 2008, markets became concerned about Greece’s ability to repay its debts. Until the crisis hit, rating agencies were relaxed about Greece’s solvency. Read more