New Zealand's Minister of Finance delivered the Budget 2020 on 14 May 2020. Tax measures of the budget are limited and include an initiative to increase the incentives for businesses to innovate and invest. The initiative does this by allowing for greater deductibility of feasibility and other non-deductible expenditure, which enables businesses to claim tax deductions for unsuccessful or abandoned assets. This includes deductions that fall under the minimum threshold for small-to-medium ent…