Google pays $227,074 of tax in New Zealand
Posted in: Government & Policy at 29/06/2014 18:16
Google Inc is paying more tax in New Zealand than previously but its $227,074 tax bill in 2013 isn't likely to stress a company with US$15.42 billion of revenue globally in the quarter ended March 31, 2014.
The Labour Party has been pushing the issue of the tiny amount of tax being collected from multi-national companies, targeting Facebook in particular. Revenue spokesman David Clark has argued the government should have the power to ban websites if multi-nationals making money from them don't pay much tax locally.