Wednesday, 31 August 2016, 12:36 pm Column: Green Party
Apple likely owes back taxes here too - Green Party blog
post
The European Commission has ruled that Apple owes
€13bn in back taxes there. It’s likely that Apple owes
New Zealand our fair share of back taxes too.
If New
Zealand companies paid the tax rate Apple does in Europe —
0.005 percent — we’d have collected only $3 million in
taxes last year leaving an $11 billion shortfall to pay for
our hospitals, our schools, and our stable
democracy.
Unlike Australia and the UK, New Zealand is not
moving quickly to shut down this tax rort.
The National
Government is weak on standing up for tax fairness and
ensuring New Zealand businesses aren’t put at an unfair
disadvantage relative to their international competitors
simply because they pay their fair share of taxes.
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