INDEPENDENT NEWS

Tax on internet giants must be revenue neutral

Published: Mon 18 Feb 2019 04:28 PM
Responding to the Government’s stated intention to introduce a new tax on foreign internet companies, New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says:
“Taxing foreign corporates will be popular with the public, but it’s also hugely convenient for the politicians, who will receive an extra $50 million or so in new revenue. The question is whether this revenue will be squirreled away for election bribes, or whether average taxpayers will see corresponding relief in the form of tax cuts.”
“If the Government insists on breaking its ‘no new taxes’ promise, it should at least follow the spirit of the promise by committing to revenue neutrality.”
New Zealand Taxpayers' Union
New Zealand's grassroots campaign for lower taxes and less government waste
The New Zealand Taxpayers' Union is an independent activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It's here to fight government waste and make sure New Zealanders get value for money from their tax dollar. New Zealanders are invited to join and donate at http://taxpayers.org.nz
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