Acting PM Peters rebuffs concerns over digital services tax

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...

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