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Revenue Minister admits Trump played a part in scrapping Digital Services Tax

Author
Newstalk ZB,
Publish Date
Wed, 21 May 2025, 6:22pm
US President Donald Trump has made it clear he is not a fan of digital services taxes. Photo / Getty
US President Donald Trump has made it clear he is not a fan of digital services taxes. Photo / Getty

Revenue Minister admits Trump played a part in scrapping Digital Services Tax

Author
Newstalk ZB,
Publish Date
Wed, 21 May 2025, 6:22pm

The Revenue Minister says Donald Trump was a factor in scrapping the incoming Digital Services Tax Bill.
 
A legacy of the last Government, it would've imposed a three percent tax on revenue from Kiwis - earned by the likes of Facebook and Google.

The US President has called such legislation 'overseas extortion', and said he'd act against it.

Simon Watts says they considered recent developments, including in the US.

"But at the end of the day - I took a look at this tax, we've been looking at it a bit and it's got some real drawback - and we've made the decision to pull it from the agenda."

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