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Fears new legalisation aimed at taxing multinational companies might not be effective

Author
Newstalk ZB,
Publish Date
Wed, 30 Aug 2023, 7:21am
Photo / AP
Photo / AP

Fears new legalisation aimed at taxing multinational companies might not be effective

Author
Newstalk ZB,
Publish Date
Wed, 30 Aug 2023, 7:21am

Fears have come that new legalisation aimed at taxing multinational companies that provide digital services might not be as effective as hoped.  

The Government has unveiled the Digital Services Tax, which will slap three percent on New Zealand revenue of companies like Amazon, Meta and Google. 

It's expected to bring in $222 million over four years. 

However, Tech Commentator Paul Spain told Kate Hawkesby some companies may simply put up their New Zealand prices to cover the difference. 

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