Q+A – multi-nationals paying tax

On Q+A at 9 am this morning:

Judith Collins is our lead interview on Sunday. Political Editor Corin Dann asks her how she plans to get multi-nationals to pay their fair share of New Zealand tax.

Also…

…how’s the economy treating you? We’ve got a panel of economic experts to examine this week’s OECD report and give their take on how you and our economy are really doing.

Leave a comment

15 Comments

  1. David

     /  June 18, 2017

    “their fair share”

    Who decides what the word ‘fair’ means?

    Reply
    • Gezza

       /  June 18, 2017

      One hopes that point is covered in the interview. I’d assume it means to most people the same percentage of tax paid by New Zealand-based companies. I might watch it later online if PG doesn’t update the post with a summary of key questions & the answers.

      Reply
      • David

         /  June 18, 2017

        ” I’d assume it means to most people the same percentage of tax paid by New Zealand-based companies.”

        That cannot be achieved. Multinational companies are largely taxed based on the location of their economic production, not where their output is consumed. It’s impossible for NZ to tax a multinational to the same level as a NZ company without taking a tax that would otherwise be paid in the multinational’s home country. Good luck with that.

        Reply
        • Gezza

           /  June 18, 2017

          I’m not trying to do it, so I don’t need the luck. Thanks anyway.

          I gather several governments around the world are wrestling with this one. If a company’s making profits on sales here I guess the thinking is they should be being taxed more on those profits, but the complexities of international tax laws are beyond me.

          Anybody who can screw more local tax out of rich multi-national companies, obscenely wealthy owners, overpaid execs, & their shareholders – if the companies are unfairly avoiding any tax others would have to pay – is ok with me. If they’re not, then I don’t have any complaints.

          Reply
          • Blazer

             /  June 18, 2017

            whats your stand on…tax havens?

            Reply
          • Gezza

             /  June 18, 2017

            Same as my stand on redundant ellipses.

            Reply
            • Blazer

               /  June 18, 2017

              another bi polar …answer,never mind the fluctuation of …calories.

            • Gezza

               /  June 18, 2017

              I shall clarify. That means – I don’t like them. I think they are dodgy. I don’t think people should be able to use to use them, & certainly not without full & very careful ongoing examination. But some dodgy people obviously think they’re a brilliant idea.

        • Blazer

           /  June 18, 2017

          hardly impossible….the govt has the power to restrict sales of their product …if they do not comply.

          Reply
          • David

             /  June 18, 2017

            You really think the public will be happy with restrictions on iphones? Just think about how fast a profitable blackmarket will pop up.

            Reply
  2. Zedd

     /  June 18, 2017

    does anyone still remember ‘the panama papers’ or have the natz, just buried them with ‘other matters’ under b-s
    NZ is still a tax-haven for multi-natz, just because keyz gone, does mean its all ok now. nothing really changed, he just went to the back-room instead, air nz ?

    Reply
    • Blazer

       /  June 18, 2017

      ‘We’ve discovered that less than one percent of foreign trusts have re-registered three weeks out from the June 30 deadline. Close to 1,800 have proactively been de-registered by IRD.

      “It’s becoming increasingly clear that New Zealand foreign trusts were being abused on a big scale.

      “Nobody, except the National Government, should be surprised by this: New Zealand foreign trusts were being marketed overseas as vehicles to hide wealth, making them attractive to criminals and tax avoiders.”-Green Party.

      Reply
  3. Zedd

     /  June 18, 2017

    NZ might look like its facing a coke & pepsi election.. but the reality is ‘team-natz’ are not ‘team-key lite’ they are still; a pack of rich, smug pri$ks; whose only real policy is ‘stay in power at any cost’ !

    3 more years.. “HELL NO !!”

    Reply
    • Zedd… calm down. You’re in full election vitriol mode still 95 odd days to go. I want you around going full green in the final days, pace ya self…

      Reply
  1. Q A – multi-nationals paying tax — Your NZ – NZ Conservative Coalition

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