Tax by 401(K) 2013
Tax, a photo by 401(K) 2013 on Flickr.

NZ needs to take a bigger bite of Apple and co.

Like many, I have been watching the debate over the amount of tax paid by multinationals like Apple, Google and Facebook among others, operating in New Zealand. This has been running on and off over the past few years and again raised its head over the holiday period.

One of the most striking features of this debate seems to be the amount of hand wringing over how we need an international solution to this, how we are waiting to reach agreement on how it should be tackled on a global scale. This seems about as likely to occur as an agreement on global carbon dioxide production limits.