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Ensuring multinationals pay their fair share of tax

Ensuring Multinationals Pay Their Fair Share Of Tax

New Zealand is pushing on with efforts to ensure multinational companies pay their fair share of tax, with the release of proposed options for a digital services tax (DST).

In February, Cabinet agreed to consult the public on the problem of multinational digital companies which do substantial business in this country but pay no tax on income or revenues.

The discussion document released last month shows the Government is considering two main options. Finance Minister Grant Robertson and Revenue Minister Stuart Nash say these will ensure offshore digital companies no longer enjoy tax breaks which are not available to local businesses.

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