Little says Labour would target $600M in unpaid taxes from multinationals

Mon, 17 Jul 2017

By Jonathan Underhill July 18 (BusinessDesk) - The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. A Labour government would increase funding to Inland Revenue to chase unpaid taxes and give it the power to impose tax "at a penalty rate if they believe that tax has been deliberately avoided," he said. “Even on current tax settings, multinationals should be p...

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