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:

Salvation Army On Homelessness: Hard Times In West Auckland

The report details an uncomfortable story of people whose only option is to live an unhealthy, dangerous and damaging street life... The social housing needed by these people is not currently available in sufficient quantity. More social housing is required in the West. More>>

ALSO:

Message For PM: NZ Supports Te Reo Māori – You Should Too

As Māori Language Week celebrations and commemoration of 40 years draws to an end, the Māori Language Commission, Te Taura Whiri i te Reo Māori, is once again hugely encouraged by the widespread support for Māori language from throughout the country ... More>>

ALSO:

Arming Police: Frontline Police To Routinely Carry Tasers

"In making the decision, the Police executive has considered almost five years worth of 'use of force' data… It consistently shows that the Taser is one of the least injury-causing tactical options available when compared with other options, with a subject injury rate of just over one per cent for all deployments." More>>

ALSO:

Gordon Campbell: On D-Day For Dairy At The TPP

While New Zealand may feel flattered at being called “the Saudi Arabia of milk” it would be more accurate to regard us as the suicide bombers of free trade. More>>

ALSO:

Leaked Letter: Severe Restrictions on State Owned Enterprises

Even an SOE that exists to fulfil a public function neglected by the market or which is a natural monopoly would nevertheless be forced to act "on the basis of commercial considerations" and would be prohibited from discriminating in favour of local businesses in purchases and sales. Foreign companies would be given standing to sue SOEs in domestic courts for perceived departures from the strictures of the TPP... More>>

ALSO:

"Gutted" Safety Bill: Time To Listen To Workplace Victims’ Families

Labour has listened to the families of whose loved ones have been killed at work and calls on other political parties to back its proposals to make workplaces safer and prevent unnecessary deaths on the job. More>>

ALSO:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
More RSS  RSS News AlertsNews Alerts
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news