Judith Collins is promising a measured but no nonsense approach to a policy designed to crack down on multi-nationals which don't pay their fair share of tax.
The Revenue Minister agrees tax avoidance by companies like Google, Facebook and Apple is a worldwide problem.
SEE ALSO: NZ should follow Australia's lead with multinational tax avoidance - Greens
She said New Zealand is missing out on $200-300-million a year in tax revenue from companies who send their profits to tax havens.
Collins is releasing three discussion documents on the issue this morning.
She expects to get the answers in six weeks and says a law will then be drafted on it.
Collins told Mike Hosking we're a small country so we need to be open for capital and business.
"But we also don't like being taken for mugs, so if companies are making profits in New Zealand, then I believe the taxpayer expects they'll be paying their fair share of tax."
She said it's a problem for developed countries with a robust tax system like ours.
"We need to make sure that we're not being left out of tax by companies who are very big, in some cases bigger than we are as economies."
LISTEN ABOVE AS REVENUE MINISTER JUDITH COLLINS SPEAKS WITH MIKE HOSKING
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