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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZME down 2.7% as Trump keeps markets jittery

The S&P/NZX 50 fell 0.79% to 12,011.34 on Tuesday.

Gregor Thompson 5:55pm

The Quiz Free

QuiznessDesk, Tuesday, April 15

Can you beat the Quizmaster?

The Quizmaster 9:15am

Markets

NZME director David Gibson resigns

Gibson's resignation is effective from Tuesday.

Staff reporters 9:00am

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

More Law & Regulation

Retail

Flexibility is ‘core’ to drivers: Australasian Uber chief

Emma Foley says drivers want to be contractors, despite the court case opposing it.

Gregor Thompson 5:00am

Law & Regulation

Former National candidate Jake Bezzant sued for alleged fraud

Jake Bezzant and fellow directors are sued for allegedly defrauding a US investor.

John Anthony 14 Apr 2025

Law & Regulation

FMA files criminal charge against Prem Gounder

The Financial Markets Authority (FMA) has filed a criminal charge against former Auckland-based financial adviser Prem Gounder for dishonestly using a document.The FMA alleges that Gounder, while acting as a licensed financial adviser, submitted a false document, namely a gifting...

Staff reporters 11 Apr 2025

Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025

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

More Law & Regulation

Your company has a subscription

Team