Viewport width =
March 27, 2017 | by  | in News |
Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

Apple Tax Cuts

Apple Inc. is facing allegations that it has not paid revenue tax in New Zealand for a decade.

Apple have sold $4.2 billion dollars’ worth of products in New Zealand since 2007, but a New Zealand Herald investigation has uncovered an absence of tax paid to IRD over this period.

As Apple NZ is a subsidiary of Apple Inc., and is registered in Australia, $37 million in tax on New Zealand sales over the last decade have been paid overseas.

Winston Peters has berated the government’s special relationship with Apple products for their lack of contribution to the economy, alleging “the way some Ministers talk up Apple you’d think they were on commission.”

The Labour Party have also been critical of the government’s policing of how multinational corporations are taxed, referring to Apple’s situation as only the “tip of the iceberg.”

The government released three proposals for “evolving” NZ’s tax system earlier this March, with the intent of dissuading multinationals’ “booking of profits offshore” to avoid taxation in New Zealand.

“We welcome multinationals’ participation in our economy,” said Minister for Revenue Judith Collins, “but we also expect them to pay tax based on their actual levels of economic activity in New Zealand.”

Salient approached Siri for comment, who referred to a selection of irrelevant web articles in a potential decoy strategy.

Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

About the Author ()

Comments are closed.

Recent posts

  1. VUW Halls Hiking Fees By 50–80% Next Year
  2. The Stats on Gender Disparities at VUW
  3. Issue 25 – Legacy
  4. Canta Wins Bid for Editorial Independence
  5. RA Speaks Out About Victoria University Hall Death
  6. VUW Hall Death: What We Know So Far
  7. FANTA WITH NO ICE
  8. New Normal
  9. Come In, The Door’s Open.
  10. Love in the Time of Face Tattoos

Editor's Pick

Uncomfortable places: skin.

:   Where are you from?  My list was always ready: England, Ireland, Scotland, Wales, puppy dogs’ tails, a little Spanish, maybe German, and—almost as an afterthought—half Samoan. An unwanted fraction.   But you don’t seem like a Samoan. I thought you were [inser

Do you know how to read? Sign up to our Newsletter!

* indicates required