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IT

New Zealand to revise tax system for multinational digital firms

Monday 18 February 2019 | 10:03 CET | News
New Zealand has announced plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, Reuters reports, citing Prime Minister Jacinda Ardern. The Prime Minister said the cabinet had agreed to issue a discussion document about how to update New Zealand's tax system, to ensure multinational companies pay their fair share. "Our current tax system is not fair in the way it treats individual tax payers, and how it treats multinationals," Ardern said.

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Categories: IT
Companies: Amazon / Facebook / Google
Countries: New Zealand
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