21 Feb
2018
21 Feb
'18
11:39 p.m.
Wonder of wonders <http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11999548>: Government moves to crack down on tax avoidance by multinational firms are already bearing fruit, with Google telling Parliament it will no longer funnel New Zealand revenues via low-tax jurisdictions such as Singapore. ... The practice saw Google's New Zealand subsidiary provide only services as part of the sales process - paying just $356,000 in tax on only $12.2m in revenue. Estimates of Google's sales revenue from New Zealand range in the hundreds of millions of dollars annually.