NZ looks to crack down on multinationals flouting local tax system

Thu, 02 Mar 2017

By Rebecca Howard March 3 (BusinessDesk) - The government is taking steps to crack down on multinationals that manipulate New Zealand's tax system to their benefit. "Multinationals provide many benefits for the New Zealand economy, and the government is committed to making New Zealand an attractive place for them to do business. However, this does not mean rewarding firms that are aggressive in attempting to flout the current rules," said Finance Minister Steven Joyce and Revenue Minister Judith Collins in the first of consultation paper...

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