• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, June 16, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

New Zealand mulls law on social media

The Matters Press by The Matters Press
February 18, 2019
Reading Time: 1 min read
0
Facebook’s TechCrunchStartup starts in Nigeria

Facebook

Facebook

Prime Minister Jacinda Ardern said the cabinet had agreed to issue a discussion document about how to update the country’s tax framework to ensure multinational companies pay their fair share

RELATED POSTS

Fubara shames antagonists of emergency rule, vindicates Tinubu – TDF

Nigeria’s talent export initistive a game changer

Baba-Ahmed’s Assessment of Tinubu’s Performance lacks depth and reflects personal frustration – TDF

“Our current tax system is not fair in the way it treats individual tax payers, and how it treats multinationals,” Ardern told reporters at her weekly post-cabinet news conference

Highly digitalized companies, such as those offering social media networks, trading platforms, and online advertising, currently earn a significant income from New Zealand consumers without being liable for income tax, the government said in a statement released after the announcement.

The value of cross-border digital services in New Zealand is estimated to be around NZ2.7 billion dollars (1.86 billion dollars).

The revenue estimate for a digital services tax is between NZ30 million dollars and NZ80 million dollars, Finance Minister Grant Robertson said in the statement.

Digital services taxes (DST) are generally charged at a flat rate of two to three percent on the gross revenue earned by a multinational company in that country.

A number of countries including the U.K, Spain, Italy, France, Austria and India have enacted or announced plans for a DST. The EU and Australia are also consulting on a DST.

Officials will now finalize the New Zealand discussion document on the matter, which is likely to be publicly released by May 2019.

Tags: New Zealand
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Fubara shames antagonists of emergency rule, vindicates Tinubu – TDF
Energy

Fubara shames antagonists of emergency rule, vindicates Tinubu – TDF

June 16, 2025
Commission plans to liberate 38% illiterate Nigerians
Economy/Technology

Nigeria’s talent export initistive a game changer

June 15, 2025
Baba-Ahmed’s Assessment of Tinubu’s Performance lacks depth and reflects personal frustration – TDF
Economy/Technology

Baba-Ahmed’s Assessment of Tinubu’s Performance lacks depth and reflects personal frustration – TDF

June 15, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Energy

Military deploys 6,195 soldiers to combat terrorism, insurgency in Nigeria

June 15, 2025
Buhari underscores the opportunities in a single African air transport
Economy/Technology

Maiden flight to Ebonyi

June 14, 2025
Reasons not to attack nuclear facilities – UN
Energy

Reasons not to attack nuclear facilities – UN

June 14, 2025
Next Post
Buhari spits fire, warns ballot box snatchers

Buhari spits fire, warns ballot box snatchers

Army will be ruthless with those trying to disrupt elections

Army will be ruthless with those trying to disrupt elections

Recommended Stories

Photo Speaks

Photo Speaks

October 29, 2018
China’s agricultural wholesale products prices continue to drop

Zulum calls for investment in mechanised agriculture

August 23, 2023
Stakeholders commend NNPC for good performance

Subsidiary of NNPCL makes N256bn revenue

May 29, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Fubara shames antagonists of emergency rule, vindicates Tinubu – TDF
  • Nigeria’s talent export initistive a game changer
  • Baba-Ahmed’s Assessment of Tinubu’s Performance lacks depth and reflects personal frustration – TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us