Government chases $200M a year in extra tax from multinationals with BEPS measures

Thu, 03 Aug 2017

By Jonathan Underhill Aug. 3 (BusinessDesk) - The government has doubled its estimate for extra tax it may reap from multinationals as a result of plans to crack down on base erosion and profit shifting (BEPS) that are used minimise their taxes worldwide. Finance Minister Steven Joyce and Revenue Minister Judith Collins announced a series of measures they say will result in an estimated $200 million a year in additional New Zealand tax being paid by multinationals. That's twice the amount the government had previously budgeted in out-year...

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