Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Scale of tax problem here needs confirming

Scale of tax problem here needs confirming


While Peter Dunne might be talking up moves to clamp down on multinational tax avoidance - as other countries are doing - he must first ensure he has a full and comprehensive understanding of the scale of the problem in New Zealand, Labour’s Revenue spokesperson David Clark says.

Mr Dunne was spurred into a flurry of action last week following Labour’s revelations that multinational companies are taking advantage of tax loopholes in New Zealand.

“Peter Dunne did the right thing in rallying officials to report back on how other countries are tackling tax avoidance by companies like Google and Facebook – but he should have been up with the play before he was prompted by Labour.

“Getting a handle on the solutions used offshore is a good first step, but the Minister now needs to ensure he is across the extent of tax avoidance here in New Zealand.

"Everyone, from the Prime Minister to the school cleaner should pay their fair share of tax. Right now, it looks like some of the world's largest companies are not.

“There is already a lot of information available on how other countries are tackling tax avoidance. Australia is on the job, with the recent announcement of a series of measures to address tax-avoidance issues, including a review of transfer pricing rules. Mr Dunne says ours are similar but these things need constant review.

"The Australians are also strengthening general anti-avoidance measures, which will play a role in countering multi-nationals who seek to defeat Australia’s taxing rights by artificially altering the source or character of profits they generate from economic activity in that country.

"The Australians are not the only ones taking action. In the past week, Italian police have launched a new investigation into the tax affairs of Google, which the Rome government says has failed to declare revenue totalling more than €240m between 2002 and 2006.

"And yesterday British MPs called on their Government to name and shame multinational corporations not paying their fair share of tax, with some MPs saying it looked increasingly as though corporate tax was becoming a voluntary contribution.

"This is a fast moving area and Mr Dunne needs to keep up. The integrity of the New Zealand tax base is at stake.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Joint Statement: Establishment Of NZ-China Strategic Partnership

At the invitation of Governor-General Lt Gen The Rt Hon Sir Jerry Mateparae and Prime Minister The Rt Hon John Key of New Zealand, President Xi Jinping of the People’s Republic of China made a state visit to New Zealand from 19 to 21 November 2014.

During his visit, President Xi Jinping met with Governor-General Jerry Mateparae, and held talks with Prime Minister John Key. The leaders had an in-depth exchange of views on bilateral relations as well as regional and international issues of common interest. More>>

 
 

Parliament Today:

Savings Targets: Health Procurement Plan Changes Direction

Next steps in implementing DHB shared services programme Health Minister Jonathan Coleman says the Government has agreed to explore a proposal put forward by DHBs to move implementation of the shared services programme to a DHB-owned vehicle. More>>

ALSO:

More on Health Policy:

Auckland Unification: 'No IT Cost Blowout' (Just More Expensive)

Following discussion of an update on Auckland Council’s Information Services Transformational Programme at today’s Finance and Performance Committee, council has released the report publicly. More>>

ALSO:

Other Expensive Things:

Gordon Campbell: On The SAS Role Against Islamic State, And Podemos

Only 25% of the US bombing runs are even managing to locate IS targets worth bombing. As the NYT explains at length, this underlines the need for better on-the-ground intelligence to direct the air campaign to where the bad guys have holed up... More>>

ALSO:

Public Service: Commission Calls For Answers On Handling Of CERA Harassment

EEO Commissioner Dr Jackie Blue is deeply concerned about the way in which the State Services Commission has handled sexual allegations made against CERA chief executive Roger Sutton this week and is calling for answers. More>>

ALSO:

Gordon Campbell:
On Andrew Little’s Victory

So Andrew Little has won the leadership – by the narrowest possible margin – from Grant Robertson, and has already been depicted by commentators as being simultaneously (a) the creature of the trade unions and (b) the most centrist of the four candidates, which would be an interesting trick to see someone try in a game of Twister. More>>

ALSO:

China President Wishlists: Greens Welcome Xi, But Human Rights Need To Be On Agenda

“President Xi has made some progress on climate change, but he must also lift the Chinese government’s game on human rights issues,” Green Party Co-leader Dr Russel Norman said... It is important that our Government continues to urge the Chinese government to show restraint and respect human rights in both Tibet and the Xinjiang province.” More>>

ALSO:

Airport Security Breach: CAA Fines Minister

Minister Brownlee has been issued an infringement notice and is required to pay a $2000 infringement fine for breaching Civil Aviation Rule 19.357(b), which states no person may be in an airport security area without an appropriate identity card or document. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news