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Simon Watts: Revenue Minister admits Donald Trump was a factor in scrapping Digital Services Tax Bill

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Manage episode 483956617 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The Revenue Minister says Donald Trump was a factor in scrapping the incoming Digital Services Tax Bill.
A legacy of the last Government, it would've imposed a three percent tax on revenue from Kiwis - earned by the likes of Facebook and Google.

The US President has called such legislation 'overseas extortion', and said he'd act against it.

Simon Watts says they considered recent developments, including in the US.

"But at the end of the day - I took a look at this tax, we've been looking at it a bit and it's got some real drawback - and we've made the decision to pull it from the agenda."

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See omnystudio.com/listener for privacy information.

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9569 episodes

Artwork
iconShare
 
Manage episode 483956617 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The Revenue Minister says Donald Trump was a factor in scrapping the incoming Digital Services Tax Bill.
A legacy of the last Government, it would've imposed a three percent tax on revenue from Kiwis - earned by the likes of Facebook and Google.

The US President has called such legislation 'overseas extortion', and said he'd act against it.

Simon Watts says they considered recent developments, including in the US.

"But at the end of the day - I took a look at this tax, we've been looking at it a bit and it's got some real drawback - and we've made the decision to pull it from the agenda."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

9569 episodes

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