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

Gordon Campbell:
On War Crimes And The Afghan Insurgency

Truly, with friends like former defence Minster Wayne Mapp, the SAS does not need enemies. At the very least, the Hit and Run book has raised the possibility that the New Zealand SAS committed war crimes in the attack they led in Afghnistan upon the villages of Naik and Khak Khuday Dad...

Mapp’s attempted defence of the SAS on RNZ this morning unintentionally indicated that collective punishment was baked into the planning exercise for the raid, and also into how the raid proceeded on the ground. More>>

 
 

Little Heading For Court: Apology Over Donation/Hotel Contract Claims Not Accepted

Today I want to publicly apologise unreservedly to Mr Hagaman for any hurt, embarrassment or adverse reflection on his reputation which may have resulted from my various media statements. I have offered that apology to the Hagamans. More>>

ALSO:

Biscuit Tin Of Democracy: World Heritage Site Protection, Ombudsman and Equal Pay Bills Drawn

On Thursday, 23 March 2017 three places are available on the Order Paper for the first reading of a Member’s bill. The ballot was held, and resulted in the following bills being drawn... More>>

ALSO:

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

OutsKey: John Key's Valedictory Speech

I rise to address this House for the very last time. It has been a huge privilege to have served the people of Helensville as their member of Parliament, and, of course, the people of New Zealand as their Prime Minister. More>>

ALSO:

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

PM's Press Conference: Water Everywhere

Monday's Post-Cabinet press conference focused on water, with the Prime Minister fielding questions about the possibility pricing water taken for export. Mr English said the government was directing their water allocation technical advisory group to include export water in considerations. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news