Microsoft tax settlement a ‘really good deal’ – tax expert

Tue, 03 Dec 2019

Microsoft’s $24.7 million settlement with the Inland Revenue Department was a “really good deal” for New Zealand in what’s becoming a global tussle for multinational tax receipts.Tax expert Robin Oliver – a former deputy commissioner at IRD – said the settlement was a sign that multinationals had accepted a global change in attitude towards profit shifting from one country to another, a strategy used by multinational companies to pay as little tax as lawfully possible.“New Zealand has traditionally been accommodating to multinationals, which ha...

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