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.
https://in.reuters.com/article/newzealand-tax-digital/new-zealand-to-target-online-giants-with-digital-tax-idINKCN1Q70B1

Also see:

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".
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12204898

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.
https://www.stuff.co.nz/national/politics/110678049/facebook-and-google-could-face-higher-tax-rates-in-new-zealand

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.
https://www.newshub.co.nz/home/politics/2019/02/new-zealand-digital-tax-could-be-great-but-hard-to-implement-expert.html

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