New Zealand plans new tax for tech giants like Google and Facebook

//New Zealand plans new tax for tech giants like Google and Facebook

New Zealand plans new tax for tech giants like Google and Facebook

New Zealand’s government plans a new tax targeting online giants like Google and Facebook that earn plenty of money in the country but pay little tax.Prime Minister Jacinda Ardern said there’s a gap that needs to be closed.“Our current tax system is not fair in the way that it treats individual taxpayers and the way that it treats multinationals,” she said. “It’s not fair.”She said the proposed digital services tax would tax multinational online companies at about 2 or 3 per cent on the revenue…

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By | 2019-02-19T03:38:32+00:00 February 19th, 2019|Technology|Comments Off on New Zealand plans new tax for tech giants like Google and Facebook