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.

Read more: https://blog.greens.org.nz/2016/08/31/apple-likely-owe-back-taxes-here-too/

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