Generalisations about foreign owned business ripping off NZ tax system are over-hyped.

In an over-hyped climate of generalisations about “profit stripping” foreign multinational companies, these two pieces of research demonstrate that (a) New Zealand’s tax system is a robust one, and (b) the large majority of foreign owned NZ subsidiaries are paying their fair share of taxes in New Zealand. It is hoped that this research that I commissioned will bring some balance to the conversations that are happening.

http://www.ey.com/Publication/vwLUAssets/ey-debt-levels-of-new-zealand-corporates/$FILE/ey-debt-levels-of-new-zealand-corporates.PDF

 

http://www.ey.com/Publication/vwLUAssets/ey-do-corporates-pay-their-fair-share-of-tax-in-new-zealand/$File/ey-do-corporates-pay-their-fair-share-of-tax-in-new-zealand.pdf

Andy

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