New Zealand Minister of Finance, Hon Nicola Willis, delivered Budget 2025 on 22 May 2025. The main tax measure of the budget is the "Investment Boost", a tax incentive for businesses to invest in productive assets like machinery, tools, and equipment. With the Investment Boost, businesses can deduct 20% of a new asset’s value from that year’s taxable income, on top of normal depreciation. As noted in a government release, the Investment boost applies to new assets purchased in New Zealand a…