Labour Slams 'Big Tax Breaks' for Tech Giants as Govt Ditches Digital Levy

Labour slams 'big tax breaks' for tech giants as Govt ditches digital levy

By Russell Palmer of RNZ Labour says the Government’s decision to dump earlier work on a digital services tax is a tax break for tech giants like Facebook...

Labour slams 'big tax breaks' for tech giants as government ditches digital levy

Labour says the government's decision to dump plans for a digital services tax is a tax break for tech giants like Facebook and Google.

Discharge Of Digital Services Tax Bill

We have been monitoring international developments and have decided not to progress the Digital Services Tax Bill at this time. A global solution has always been our preferred option, and we have been encouraged by the recent commitment of countries ...

Half a billion dollar tax break for tech giants – Labour

The Government is taking the Digital Services Tax off their books, effectively handing a $479 million tax break to global tech giants, like Facebook and Google. “First it was tax breaks for landlords and tobacco companies, now it’s multinational technology companies,” Labour finance and economy spokesperson Barbara Edmonds said. “Under National if you’re already doing well, you can have a tax break to do even better. But everyone else, everyday…

Government cans Digital Services Tax Bill

The government has canned the Digital Services Tax Bill, which would have imposed a 3% tax on internet search, social media, content sharing and intermediation platform services, from its legislative programme. Introduced in 2023 by the previous government, the bill was in response to a perceived lack of progress towards developing an agreement with other countries to address the taxation challenges posed by digitalisation. It was proposed to in…

Discharge of Digitial Services Tax Bill

The Government has decided to discharge the Digital Services Tax Bill from the legislative programme, Revenue Minister Simon Watts announced today. The Digital Services Tax Bill was introduced in 2023 by the previous Government. It was a response to a perceived lack of progress towards developing an agreement with other countries to address the taxation challenges posed by digitalisation. “We have been monitoring international developments and h…