New Zealand to target online giants with digital tax
Posted in: Government & Policy at 19/02/2019 19:13
New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net.
Prime Minister Jacinda Ardern said the cabinet had agreed to issue a discussion document about how to update the country’s tax framework to ensure multinational companies pay their fair share.
Google, Facebook among internet giants facing surprise tax
Internet giants like Google and Facebook are in Government sights, with Cabinet agreeing to investigate a new tax on multinational companies targeting digital revenues.
Prime Minister Jacinda Ardern said the move was about "fairness and balance in the tax system".
Facebook and Google could face higher tax rates in New Zealand
The Government is exploring a move to tax digital giants like Facebook and Google more for their income made within New Zealand.
Prime Minister Jacinda Ardern announced the move at her post-cabinet press conference on Monday.
New Zealand digital tax could be great, but hard to implement - expert
A tax expert is warning the Government that it will be tricky to slap taxes on digital giants.
Prime Minister Jacinda Ardern announced in a post-cabinet press conference on Monday a discussion document about taxes companies like Facebook and Google should pay will be released in later in 2019.