Tax reforms a powerful package but may make it tougher to do business in NZ

Fri, 03 Mar 2017

By Rebecca Howard March 3 (BusinessDesk) - Retail NZ said a proposed crackdown on tax avoidance by multinational companies doesn't go far enough while EY New Zealand said the reforms as a whole will make it tougher to do business in New Zealand. Finance Minister Steven Joyce and Revenue Minister Judith Collins today presented three consultation papers proposing new measures to strengthen New Zealand’s rules for taxing large multinationals. "Multinationals provide many benefits for the New Zealand economy, and the government is committe...

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