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

 

Parliament Today:

Labour: Police Commissioner 'Doesn’t Get Force Needs'

The Police Commissioner has let down the public and his own force by insisting the police have what they need despite it taking a year to solve a burglary and overwhelming number of officers saying they are under-resourced, says Labour’s Police spokesman Stuart Nash. More>>

ALSO:

Gordon Campbell: On The US Pressure To Expand Our Role In Iraq

Foreign news services are being more forthcoming about what the “next 12 months” will entail – essentially, the defence ministers will be under US pressure to increase their “training” role preparatory to an assault on the city of Mosul in northern Iraq. More>>

ALSO:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news