Tax avoidance by multinationals is better dealt with by an international treaty than harsher measures brought in by Australia and the United Kingdom, Revenue Minister Judith Collins says.
In an interview with TV3’s The Nation, the minister said she had not ruled out the idea of diverted profit tax, which comes into effect in Australia this month for global companies.
But Collins said the 40 per cent tax penalty Australia was using was “very draconian”.
​”That is a pretty harsh measure which might sound great, but even Australia is saying they’re expecting $100m and the size of their economy [is] five or six times our size.
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from Ellie NZ Rss http://www.stuff.co.nz/business/industries/95006725/Govt-shies-away-from-draconian-penalty-to-stop-multinational-tax-dodgers
from
https://ellieplume83.wordpress.com/2017/07/22/govt-shies-away-from-draconian-penalty-to-stop-multinational-tax-dodgers/
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