Labour would scrap Investment Boost for $1.56b small business plan

Labour's Barbara Edmonds confirmed Labour would scrap National's Investment Boost tax incentive if elected. Speaking at the ASB Great debate in Queenstown, Edmonds said it would be replaced with Labour's $1.56 billion Small Business Action Plan. Nicola Willis defended Investment Boost, which Budget 2025 launched to encourage business investment, as backing productive assets.