4 days agoNew Zealand places taxes on Google, Facebook and Amazon
Periskopi(7 years ago)
(7 years ago)New Zealand plans to change its laws to tax the income of multinational digital companies, such as Google, Facebook and Amazon. New Zealand Prime Minister Yacinda Ardern said the government has agreed to issue a document to improve the tax framework in the country and ensure that companies [...]
New Zealand Prime Minister Yacinda Ardern said the government has agreed to issue a document to improve the tax framework in the country and ensure that multinational companies pay a fair share of the tax.
Our current tax system is not fair in the way we treat individual taxpayers, and how it treats those multinationals,” said Ardern at a press conference.
The value of digital services in New Zealand has been estimated at some $2.7 billion in New Zealand or $1.86 billion.
Tax revenue valued for digital services is between $90m and $80m in New Zealand, Finance Minister Grant Robertson said in a statement.
