David Clark
Revenue Spokesperson
29 October 2014
Five-year tax holiday for overseas tax dodgers
National has just gifted a five-year tax holiday for foreign companies dodging their tax payments, says Revenue
spokesperson David Clark.
“Todd McClay has pretended he is doing something about overseas companies dodging their tax duties by joining an
international initiative but he admits nothing will happen for five years.
“This isn’t good enough. While international cooperation is important the Government should be looking at moves it can
take right now, not some time in the future.
“It’s a simple principle. If you make a profit here, you need to pay tax here,” David Clark says.
ENDS