Windows and Outlook search annoying you? Be in to win one of ten Lookeen Desktop Search licenses now

Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Labour revenue shadow doesn’t ‘like’ Facebook tax share
Posted on 29-Jan-2014 12:14 by Bill Bennett. | Tags Filed under: News.



It’s hard not to sympathise with David Clark.  The Labour spokesperson for revenue wants Facebook to pay its fair share of tax in New Zealand.

Clark suggested banning or filtering the online giant could be one way of  forcing Facebook to pay up.

Finance minister Bill English was quick to ridicule the idea. He describes a ban as “nuts”.

However, English shares Clark’s concern that Facebook doesn’t pay enough tax on the income it receives from New Zealand.

For the record the online giant paid just $28,000  in tax during 2012 on revenues of $790,000.

The world is waking up to the problem of large online corporations like Facebook avoiding local taxes in countries where they make money.

Google is famous for billing New Zealand advertising sales in low-tax Ireland and pushing the money through a string of countries in an arrangement known as the “double Irish Dutch sandwich”.

Other online companies have similar complex arrangements to avoid taxes.

This doesn’t just deny governments tax revenue, it also puts native companies in countries like New Zealand, Australia and the UK at a severe disadvantage when it comes to competing with rivals who have far lower tax overheads. This is potentially a bigger threat.

Realistically the only way this problem can be dealt with is at the global level. Even that will be difficult – the countries that win from these tax arrangements are in no hurry to stop whatever benefits they gain.

The post Labour revenue shadow doesn’t ‘like’ Facebook tax share appeared first on digitl.




comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

5.9 in Christchurch, effing scary. Was a biggie.
Created by tehgerbil, last reply by Djmixerdomo on 14-Feb-2016 20:29 (20 replies)
Pages... 2


Speed camera ticket 55km in 50km zone?
Created by johnr, last reply by joker97 on 15-Feb-2016 09:53 (51 replies)
Pages... 2 3 4


Gravitational waves observed for the first time, proving Albert Einstein right 100 years on.
Created by tehgerbil, last reply by joker97 on 15-Feb-2016 09:28 (70 replies)
Pages... 3 4 5


Netflix Crackdown - have you been affected?
Created by Paul1977, last reply by Yabanize on 14-Feb-2016 16:00 (368 replies)
Pages... 23 24 25


Plug Adapter Plug Query.
Created by steve181, last reply by steve181 on 13-Feb-2016 19:22 (15 replies)

Replacement genuine Laptop batts becoming unavailable in NZ ?
Created by 1101, last reply by 1101 on 12-Feb-2016 16:29 (15 replies)

Whats something small that really annoys you?
Created by Finch, last reply by RUKI on 15-Feb-2016 08:28 (481 replies)
Pages... 31 32 33


Time for a new Washing Machine
Created by sonyxperiageek, last reply by sonyxperiageek on 14-Feb-2016 20:24 (12 replies)