Wednesday, February 26, 2020

That the Govt will close taxation loopholes used by Multinational companies selling products & services in NZ but claiming actual "Earning" is overseas
Inland revenue estimate that up to $300 million each year is being lost because of multinational tax avoidance by companies such as Apple and Google

This is also linked to Internet purchases where overseas companies are achieving tax free importation via small undervalue shipments, what larger, tax paying companies, are doing in larger shipments, but paying taxes.
 

This topic is restricted from under age citizens: 
Display my name as: 
User
Display photo
Do you expect this to be?: 
Legislation Required
total who have rank: 
3
  • up
    50%
  • down
    50%
Total votes: 0
  • Strongly support this policy
    5
  • Somewhat support this policy
    0
  • Neutral
    0
  • Somewhat do not support this policy
    0
  • Do not support this policy
    0
Information/Facts and Figures
0 post(s)

No comment yet.

Financial Data
1 post(s)
I think this is a very good
Submitted by NBV
on Wed, 08/23/2017 - 15:16
- Member: 266
I think this is a very good point, the financial impact on lost revenue is huge and what benefit are they providing the country other than making money out of products being sold?