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The Government is seeking public feedback on proposals to more effectively tax the digital economy in New Zealand. These are:
– Changing the current international income tax rules, to allow more taxation in market countries. This option is currently being discussed by the OECD and the G20 group of large economies.
– Applying a separate digital services tax to certain revenues earned by highly digitalised multinationals operating in New Zealand. The discussion document seeks feedback on how a DST might work in practise.
For more information see the Ministers' media statement and the discussion document. Consultation closes on 18 July 2019.
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