Tackle multinationals over their failure to pay adequate coporate tax

Tackle multinationals over their failure to pay adequate coporate tax

Companies such as Facebook, Apple, Goldman Sachs, ExxonMobile etc.. need to start paying their appropriate fair share of corporate tax in New Zealand. Loopholes, convoluted company structures and suspect accounting practices need to be reviewed. These businesses making fortunes and then shifting their profits offshore just makes a mockery of our tax system and craps all over ordinary New Zealanders struggling to get ahead. Hugely successful multinationals have a social responsibility to ensure they pay adequate tax. There needs to be a paradigm shift in how the world looks at measuring success other than year in year out annual growth. This philosophy is outdated and is tearing the world apart in terms of resources and the environment. That is a whole other issue.

Showing 21 reactions

  • Michael Shallcrass
    tagged this with important 2016-12-02 19:24:52 +1300
  • Sue Rine
    tagged this with essential 2016-11-29 19:23:15 +1300
  • Mathew Knight
    tagged this with essential 2016-11-28 17:07:13 +1300
  • Nathan Shaw
    tagged this with important 2016-11-28 10:17:15 +1300
  • Alan Dawn
    commented 2016-11-28 00:02:46 +1300
    Agreed. Also, in light of the post below by Jerry there should be a inquiry why any tax evasion is not treated the same as welfare fraud.
  • Alan Dawn
    tagged this with essential 2016-11-28 00:02:46 +1300
  • Jerry Cerveny
    commented 2016-11-27 04:57:02 +1300
    Here is a brilliant presentation from the Auckland University
    https://www.youtube.com/watch?v=zj_iCbEi-As
  • Tim O’Donnell
    commented 2016-11-26 23:10:51 +1300
    This shouldn’t be just limited to multinational companies. We need this to cover our own NZ companies & people too
  • Tim O’Donnell
    tagged this with essential 2016-11-26 23:10:50 +1300
  • Robert Murray
    commented 2016-11-26 13:12:20 +1300
    My “tax inequalities” proposal will address this but perhaps we need to examine whether the corporate structure still fills a useful role in our society. Given that Corporates have only one ethic – to make a profit – they could be classed as psychopathic (lacking empathy or remorse, deceitful, acting in an amoral or asocial manner) – maybe they need to be restrained. Note that the requirement to have “limited” as part of their name was legislated because the politicians of the time regarded them as untrustworthy.
  • Frances Palmer
    tagged this with important 2016-11-26 12:08:24 +1300
  • John Rusk
    tagged this with important 2016-11-26 09:55:12 +1300
  • Richard Wyles
    tagged this with essential 2016-11-26 02:46:40 +1300
  • Ben Mayson
    tagged this with interesting 2016-11-25 23:11:12 +1300
  • james reardon
    tagged this with essential 2016-11-25 19:37:46 +1300
  • Brendan Childs
    tagged this with important 2016-11-25 19:36:21 +1300
  • Timothy Kilgour
    tagged this with essential 2016-11-25 18:08:01 +1300
  • Nathan Rattray
    tagged this with important 2016-11-25 16:47:13 +1300
  • Nathan Rattray
    tagged this with essential 2016-11-25 16:47:12 +1300
  • Jerry Cerveny
    tagged this with essential 2016-11-25 16:01:00 +1300
  • Luke Howard
    published this page in Suggestions 2016-11-25 15:48:12 +1300