Re: Winston Peters says Big Tech companies should be paying more tax in NZ

On Wed, 24 Jun 2026 02:02:16 -0000 (UTC), Lawrence DÿOliveiro
<[email protected]> 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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