Jenee Tibshraeny: NZ Herald Wellington business editor on the Government's plan to tax commercial property owners an extra $575 million - Heather du Plessis-Allan Drive

The Government plans to tax commercial property owners an extra $575 million a year in order to fund residential property and income tax cuts. 

Finance Minister Nicola Willis is standing by her decision to remove ability for commercial and industrial owners to deduct depreciation as an expense going forward.

NZ Herald Wellington business editor Jenee Tibshraeny explains the impact of these changes.

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