Thanks for the summary of our bill and how it compares to the Australian one.
Instituting a tax on Big Tech to save dying media companies that have doubled down on 'activist journalism' is a terrible idea, but I do think we should ensure large multinationals are fairly taxed in our jurisdiction.
These behemoths largely avoid our company tax right now by funneling revenue earned by NZ subsidiaries to more favourable tax jurisdictions. I was hoping a digital services tax would be a way to stop this circumvention, but it was very disappointing that MSM shifted the conversation towards how to save them from their own failures instead.
Hi Stephen. Thanks for your comment. I have no problem with the Platforms falling with a normal tax regime although I find a digital services tax hard to justify from a principled basis. Still sounds like a tax on a type of business.
And I have no problem with an individual or person managing their affairs so that they pay as little tax as possible. See Inland Revenue Commissioner v Duke of Westminster [1936] AC 1.
In that case Lord Tomlin said "Every man is entitled, if he can, to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be. If he succeeds in ordering them so as to secure this result, then, however unappreciative the Commissioners of Inland Revenue or his fellow tax-payers may be of his ingenuity, he cannot be compelled to pay an increased tax"
Scrub all public funding for news outlets and let the free market decide. I do not want to be taxed for content I choose not to watch or listen to because it is partisan & woke. I already subscribe to the content that I desire to and public monies should be redirected to areas of actual need.
Thanks Ken. The Fair Digital News Bargaining Bill is a means by which the Government "incentivizes" or compels other businesses to fund MSM. It is an indirect "prop-up" for a business model that cannot continue. I would add such initiatives to your general prohibition
Thanks for the summary of our bill and how it compares to the Australian one.
Instituting a tax on Big Tech to save dying media companies that have doubled down on 'activist journalism' is a terrible idea, but I do think we should ensure large multinationals are fairly taxed in our jurisdiction.
These behemoths largely avoid our company tax right now by funneling revenue earned by NZ subsidiaries to more favourable tax jurisdictions. I was hoping a digital services tax would be a way to stop this circumvention, but it was very disappointing that MSM shifted the conversation towards how to save them from their own failures instead.
Hi Stephen. Thanks for your comment. I have no problem with the Platforms falling with a normal tax regime although I find a digital services tax hard to justify from a principled basis. Still sounds like a tax on a type of business.
And I have no problem with an individual or person managing their affairs so that they pay as little tax as possible. See Inland Revenue Commissioner v Duke of Westminster [1936] AC 1.
In that case Lord Tomlin said "Every man is entitled, if he can, to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be. If he succeeds in ordering them so as to secure this result, then, however unappreciative the Commissioners of Inland Revenue or his fellow tax-payers may be of his ingenuity, he cannot be compelled to pay an increased tax"
Scrub all public funding for news outlets and let the free market decide. I do not want to be taxed for content I choose not to watch or listen to because it is partisan & woke. I already subscribe to the content that I desire to and public monies should be redirected to areas of actual need.
Thanks Ken. The Fair Digital News Bargaining Bill is a means by which the Government "incentivizes" or compels other businesses to fund MSM. It is an indirect "prop-up" for a business model that cannot continue. I would add such initiatives to your general prohibition