Tax expert Michael Littlewood said there was no prospect large global firms would withdraw from New Zealand if it introduced a diverted profit tax as Australia and the United Kingdom had.
"The fact is, many multinationals are ducking their tax obligation and leaving it to Kiwi taxpayers to foot the bill".
Monsoon session likely to be stormy
Lok Sabha Speaker Sumitra Mahajan on Saturday called for an all party meeting tomorrow. The government meanwhile has a series of legislations to be passed in Parliament.
"Even just by enacting the law, they immediately got multinationals to start paying tax", he said.
He told Morning Report an extra $200 million a year could be collected, which would make a "huge difference" and represented "a heap of teachers, a heap of nurses and doctors". "At a time when we need to urgently invest in hospitals, schools and housing, we need multinationals to make their fair contribution too", Little said.
"New Zealanders are missing out by hundreds of millions, according to the IRD, because multinational companies can hide their profits in complicated worldwide schemes", Mr Little said in a statement.
"The government's performance on multinational tax is pathetic".
"They'll stay here, but we need to get them to pay their way".
The Government's moves were part of the OECD's worldwide base erosion and profit shifting (BEPS) drive aimed at clamping down on multinational tax avoidance.
Inland Revenue began consulting in March on new measures to stamp out tax rorts.
Little is writing to up to 50 multinational companies operating in New Zealand, including the 20 companies identified in a Herald investigation into which companies paid virtually no tax in New Zealand because they or their New Zealand subsidiaries shifted profits out of the country.
In his letter to the companies, Mr Little tells them: "The next Labour-led government will welcome all global investment that genuinely creates jobs and wealth, but we will not support exploitative investment such as property speculation or companies that shirk their responsibilities to contribute to the cost of a decent society". "I invite you to attend this meeting and work together to ensure New Zealand is a fair place to operate and a great place to live", he said in his letter to the big multinationals, which he released to the media.
UFC On FOX 25 Fight Card
Weidman, a former UFC middleweight champion, is just one of several NY fighters set for action. The UFC just released the traditional "Road to the Octagon" video segment for the card.
Star Wars: The Last Jedi is written and directed by Rian Johnson and produced by Kathleen Kennedy and Ram Bergman. Speaking with Good Morning America , he said: "Carrie gives a really attractive performance in the film".
SURREY RCMP are once again advising parents to be vigilant after a three-year-old child fell through the window. The screen had given way, and the child fell through the second-story window and landed on the patio below.
Mercedes tried the strategy again at Silverstone , this time with the soft and supersoft, and the outcome was similar. Mercedes drivers Lewis Hamilton of Britain celebrates with fans after winning the British Formula One Grand Prix.
The hacks took place almost two weeks earlier on May 24, one day after senior Emirati officials allegedly discussed the plan. Gargash said the UAE would not escalate its boycott by asking companies to choose between doing business with it or Qatar.
En el cierre de la quinta jornada estará Cristian Torres que buscará un metal en la final de los 400 metros T52. El deportista nacional alcanzó la medalla de bronce en el Mundial de Para-Atletismo de Londres 2017.
Scorpio Tankers Inc.is engaged in the seaborne transportation of refined petroleum products in the worldwide shipping markets. Scorpio Tankers Inc (NYSE:STNG) now has a trailing P/E of -9.77 while its forward P/E according to Thomson Reuters is 8.3.
Kelly Slater Breaks Foot, Out of J-Bay Open
The six-week recovery process means Slater also will not be able to compete in an upcoming worldwide contest in Tahiti. Brazil's Filipe Toledo scored a flawless 10-point ride for a lengthy tube ride against USA surfer, Kanoa Igarashi .
Road rage leads to black eye, felony charges for NY man
The driver of the challenger was slightly injured during the altercation, but did not require medical attention, police said. As a result of the collision, the Challenger was forced into the center median, where it came to a controlled stop.
Republican health care reform up in air as McCain recovers
These changes have concerned moderate Republican lawmakers and governors, as well as health care providers and consumer advocates. The CBO was widely expected to release the report Monday, and it is now unclear when that assessment will come out.
Pakistan Army has 'no direct role' in Panama probe
The Muttahida Qaumi movement, the Popular Party (PPP), the Muslim-Q League and Jamaat-e-Islami also demand Sharif's resignation. This week Pakistan's Supreme Court will hear arguments as to whether Prime Minister Nawaz Sharif is corrupt.
Betting tips on a draw in football
They are fighting, especially in spring and summer, motivated teams- those who want to get into European Cups or avoid relegation. For an expert, it is a reason to ensure a stable income with the competent rates combined with rational management of the bank.