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  • =?UTF-8?B?8J+Hs/Cfh78g4oCYTG9zdCBvdXIgbmVydmXigJk6?= Winston Peters says Big Tech companies should be paying more tax in NZ

    From Lawrence =?iso-8859-13?q?D=FFOliveiro?=@ldo@nz.invalid to comp.misc,nz.general on Wed Jun 24 02:02:16 2026
    From Newsgroup: comp.misc

    Big Tech companies get loads of revenue from NZ, but pay very little
    back in tax <https://www.stuff.co.nz/politics/360997144/lost-our-nerve-winston-peters-says-big-tech-companies-should-be-paying-more-tax-nz>.
    This is typical of the accounting games they play:

    An example he gives is Google NZ, which in 2024 had revenues of
    $1.139bn but incurred ‘service fees’ of $1.052bn from its
    Singapore-based subsidiary. It left a taxable profit of just $29m.

    And yes, this kind of profit-and-loss merry-go-round is legal.
    Provided you employ a high-priced tax consultant to tell you how to do
    it right.

    NZ First party leader Winston Peters says he’s in favour of those
    companies paying more tax in NZ. But on the other hand he didn’t like
    the idea of his own department dropping support for them by ceasing to
    post on X/Twitter.

    Some politicians are in favour of legal measures to force a
    behavioural change. But on the other hand, fear of how the current 🇺🇸 President might react has been slowing progress ... <https://www.stuff.co.nz/nz-news/360996333/diminishes-us-country-what-we-lose-when-govt-gives-16m-ad-money-social-media>.
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  • From BR@blah@blah.blah to comp.misc,nz.general on Thu Jun 25 17:45:25 2026
    From Newsgroup: comp.misc

    On Wed, 24 Jun 2026 02:02:16 -0000 (UTC), Lawrence DÿOliveiro
    <ldo@nz.invalid> wrote:

    Big Tech companies get loads of revenue from NZ, but pay very little
    back in tax ><https://www.stuff.co.nz/politics/360997144/lost-our-nerve-winston-peters-says-big-tech-companies-should-be-paying-more-tax-nz>.
    This is typical of the accounting games they play:

    An example he gives is Google NZ, which in 2024 had revenues of
    $1.139bn but incurred ‘service fees’ of $1.052bn from its
    Singapore-based subsidiary. It left a taxable profit of just $29m.

    And yes, this kind of profit-and-loss merry-go-round is legal.
    Provided you employ a high-priced tax consultant to tell you how to do
    it right.

    NZ First party leader Winston Peters says he’s in favour of those
    companies paying more tax in NZ. But on the other hand he didn’t like
    the idea of his own department dropping support for them by ceasing to
    post on X/Twitter.

    Some politicians are in favour of legal measures to force a
    behavioural change. But on the other hand, fear of how the current ?? >President might react has been slowing progress ... ><https://www.stuff.co.nz/nz-news/360996333/diminishes-us-country-what-we-lose-when-govt-gives-16m-ad-money-social-media>.

    Do the people they employ here pay tax?

    Bill.
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