Labour Business Policy A $5 Billion Tax GrabPhoto/Supplied6 August 2026Kiwi businesses will be worse off under Labour’s policy to cut Investment Boost, National’s Finance spokesperson Nicola Willis says. That is more than $5 billion ripped away from small businesses and pocketed to help fill their $18.2 billion funding gap,” Ms Willis says. “For every four dollars National is putting behind business owners buying new machinery and equipment, Labour would leave less than one. “Scrapping National’s $6.6 billion Investment Boost to fund a $1.56 billion fig leaf means business owners lose the incentive to invest in genuinely transformative, productivity-enhancing equipment. It is nothing more than a $5 billion tax grab dressed up as a business policy.