Economy

Acting PM Peters rebuffs concerns over digital services tax

Victoria Young
Fri, 12 Jul 2019

By Victoria Young July 12 (BusinessDesk) - Acting Prime Minister Winston Peters has dismissed concerns the US could threaten New Zealand with tariffs over proposed taxes for internet companies.  New Zealand is still developing a digital services tax which could generate $30-to-$80 million from multinationals such as Facebook and Google, who pay very small amounts in this country compared with their total revenue. Most of the companies affected are US tech firms and the US Trade Representative Robert Lighthzier has said it is investigat...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
MARKET CLOSE: Strong kiwi weighs down shares
Dan Brunskill | Fri, 18 Sep 2020

New Zealand’s benchmark stock index extended its losses, locking in a third consecutive weekly decline as the kiwi dollar continued to climb. The S&P/NZX 50 Index fell 143.61 points, or 1.2 percent, to 11,633.52. Within the index, 32 stocks fell, 13 rose and five were unchange...

Election 2020
Hipkins not budging on migrant workers
Brent Melville | Fri, 18 Sep 2020

A Labour-led government will continue to adopt a conservative approach to allowing migrant seasonal workers back through the borders.

Primary Sector
Fonterra boss sanguine on Australian legal action
Rebecca Howard | Fri, 18 Sep 2020

Fonterra chief executive Miles Hurrell is not concerned about pending legal action in Australia.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.

Partner Content
Buy-Now-Pay-Later – what’s driving the industry?

The Buy-Now-Pay-Later segment has truly taken the world by storm. It is incredibly impressive to think two Aussies were responsible for what has been a massive shift in consumption habits globally. It is highly likely that most people have come across one of the many providers, but how does the business model actually work and what’s driving the industry?