Straterra welcomes tax exemption for oil and gas exploration
15 May 2009
Straterra, the industry group representing New Zealand’s natural resources industries, has welcomed Government plans to extend tax exemption for offshore oil and gas exploration.
Chief executive Richard Michael said the measures, to be included in this year’s Budget, would encourage continued and further investment in New Zealand by the international exploration community, and underline the Government’s commitment to enhancing the potential of the country’s natural resources.
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