http://sciblogs.co.nz/a-measure-of-science/2011/05/24/lifting-new-zealands-productivity-through-rd/

NZ OpEd perspective on R&D tax credits. Summary

- worries that firms will reclassify existing work as research and
development to gain tax credits, rather than actually innovate
- not sufficient for economic growth
- author's opinion that increased government spending on R&D is
compelling (based on Finland)

The problem I see with the last point is that picking winners has
never been a bureacrat's skillset. And judging on VC performance,
perhaps not even WallStreet ...

Lawrence
http://nz.linkedin.com/in/drllau

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