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. Cabinet has agreed to issue a discussion document in May on how to update tax settings to suit the digital world, likely with a “Digital Sales Tax” or DST, similar to what is being explored in Australia and the European Union.
This tax would be chargeable on any revenues digital companies make on Kiwi users in New Zealand, even if they maintain only a tiny subsidiary company on our shores. It would be in the range of two to 3%.
Full Content: Stuff
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