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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 This philosophy is outdated and is tearing the world apart in terms of resources and the environment.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.
Do you like this suggestion?
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Michael Shallcrass tagged this with important 2016-12-02 19:24:52 +1300
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Sue Rine tagged this with essential 2016-11-29 19:23:15 +1300
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Mathew Knight tagged this with essential 2016-11-28 17:07:13 +1300
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Nathan Shaw tagged this with important 2016-11-28 10:17:15 +1300
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Alan Dawn commented 2016-11-28 00:02:46 +1300Agreed. 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.
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Alan Dawn tagged this with essential 2016-11-28 00:02:46 +1300
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Jerry Cerveny commented 2016-11-27 04:57:02 +1300Here 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 +1300This shouldn’t be just limited to multinational companies. We need this to cover our own NZ companies & people too
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Tim O’Donnell tagged this with essential 2016-11-26 23:10:50 +1300
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Robert Murray commented 2016-11-26 13:12:20 +1300My “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.
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Frances Palmer tagged this with important 2016-11-26 12:08:24 +1300
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John Rusk tagged this with important 2016-11-26 09:55:12 +1300
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Richard Wyles tagged this with essential 2016-11-26 02:46:40 +1300
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Ben Mayson tagged this with interesting 2016-11-25 23:11:12 +1300
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james reardon tagged this with essential 2016-11-25 19:37:46 +1300
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Brendan Childs tagged this with important 2016-11-25 19:36:21 +1300
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Timothy Kilgour tagged this with essential 2016-11-25 18:08:01 +1300
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Nathan Rattray tagged this with important 2016-11-25 16:47:13 +1300
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Nathan Rattray tagged this with essential 2016-11-25 16:47:12 +1300
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Jerry Cerveny tagged this with essential 2016-11-25 16:01:00 +1300
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