Food manufacturing is an ideal candidate for targeted accelerated depreciation because the food industry, our biggest industry, creates significant flow-on benefits.
Accelerated depreciation helps companies bring forward capital-intensive investments by reducing payback time. It's not a hand out. Companies still have to pay the tax, but they simply get to defer it.
Only 10 per cent of food grown in India is processed. So the best way to reduce food waste and maximise calorie delivery is to increase that ratio of processed food to total food.
I love Australia. I love the people there; they are fantastic. The business opportunities are endless.
New Zealand's food and beverage industry is the lynchpin of the country's prosperity. Which may explain why it has concentrated their governments' minds.
