NZ tax base at risk from go-it-alone digital tax, says accounting body

Tue, 09 Apr 2019

By Pattrick Smellie April 9 (BusinessDesk) - New Zealand should drop its plan to try and tax borderless digital economy firms and focus instead on a "very damaging threat" from global proposals to change how exporters' income is taxed internationally. John Cuthbertson, of Chartered Accountants of Australia New Zealand, says the country needs to be careful that the "tokenism" of the proposed unilateral digital economy levy doesn't end up costing a lot more than it will ever bring in. "Whether that's in retaliation because we do somethin...

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