Wake Up Call: NZ signs up to 15% minimum global tax rate

The tax package aims to ensure that large multinational enterprises pay tax where they operate and earn profits, while adding much-needed certainty and stability to the international tax system. (Image: Getty)

Staff reporters

Fri, 02 Jul 2021

Summary The last of NZ’s major ski fields open today and tomorrow in time for NZ school holidays, after welcome snow dumps from the Antarctic blast that swept the country earlier this week. NZ has joined 130 other OECD countries that agreed overnight to a global 15% tax aimed at ensuring large tech companies pay tax where they operate.Global tax Around 130 countries, including NZ, have agreed on a global tax of at least 15% to make big companies such as Facebook and Google pay a fair share in countries where they earn money. Tax on b...

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