Paul Spain: Tech Commentator says new Digital Services Tax may lead to overseas companies hiking their NZ prices

Early Edition with Ryan Bridge · Aug 29, 2023 · 2m

Fears have come that new legalisation aimed at taxing multinational companies that provide digital services might not be as effective as hoped.

The Government has unveiled the Digital Services Tax, which will slap three percent on New Zealand revenue of companies like Amazon, Meta and Google.

It's expected to bring in $222 million over four years.

However, Tech Commentator Paul Spain told Kate Hawkesby some companies may simply put up their New Zealand prices to cover the difference.

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