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MessagePosté le: 12/09/2018 02:56:35    Sujet du message: After overcoming Fiji Répondre en citant

WELLINGTON, March 3 (Xinhua) -- The New Zealand government Friday unveiled plans to crack down on multinationals that profit from exploiting tax loopholes.


Three consultation papers proposed new measures in line with international recommendations to strengthen the taxing of large multinationals, Finance Minister Steven Joyce and Revenue Minister Judith Collins said in a statement.


"Our broad-based low rate tax system continues to perform very well for New Zealand overall. However it's important that it keeps evolving to ensure that all companies operating in New Zealand pay their fair share of tax," said Joyce.


"The proposals in these documents are in line with the recommendations from the OECD's (Organisation for Economic Cooperation and Development) base erosion and profit-shifting (BEPS) project which has developed best practice measures for the global response to BEPS."


The documents contained proposals for tackling concerns about multinationals booking profits from New Zealand sales offshore, even though the sales were driven by New Zealand-based staff; preventing multinationals using interest payments to shift profits offshore; and implementing New Zealand's entrance into an international convention for aligning its double tax agreements with OECD recommendations.


"We welcome multinationals' participation in our economy, but we also expect them to pay tax based on their actual levels of economic activity in New Zealand," Collins said.


Earlier Friday, Collins told Radio New Zealand that up to 300 million NZ dollars (211.77 million U.S. dollars) a year in tax was being lost through multinationals seeking to avoid paying taxes - a significant amount given that companies paid about 10 billion NZ dollars (7.06 billion U.S. dollars) in total.


Opposition lawmakers welcomed the move, but said the proposals should have greater consideration of a diverted profits tax (DPT), a penalty on companies that artificially diverted profits.


Australia and Britain have already implemented DPTs, and Collins told Radio New Zealand that the government had not ruled it out.


However, it also wanted to investigate an alternative approach of targeting "permanent establishment avoidance."


This involved companies and non-residents that structured their affairs to avoid a taxable "permanent establishment" in a country, even when a de facto permanent establishment existed.


The OECD backed plans for a crackdown on multinational tax avoidance after a wave of global protests against big companies including Facebook, Apple and Google, when it was revealed they were paying negligible taxes on massive turnovers.


Submissions on the consultation documents would close next month and ministers said they would consider final proposals arising from the documents later in the year.


FLANKER Michael Hooper has replaced Stephen Moore as captain of the Wallabies after the veteran hooker elected to step down ahead of his retirement from international rugby at the end of the season.


Hooper would lead the rebuilding team into back-to-back tests against the All Blacks when the southern hemisphere’s Rugby Championship kicks off later this month and then onto the 2019 World Cup in Japan Schweiz Herren Nike Air Max TN Triple Black , his coach Michael Cheika said.


The abrasive back rower has long been groomed to step up to the role, having led the side throughout the 2014 season when Moore was injured and twice during the recent June internationals when the hooker was benched.


In 2014, as a raw 22-year-old Kaufen Herren Nike Air Max TN Schwarz Rot , he became the youngest Wallabies captain after Ken Catchpole and guided the team to a whitewash victory over France in his first series in charge.


Now 25, Hooper has 68 tests to his credit and played a key role in Australia’s run to the 2015 World Cup final against New Zealand when he and fellow openside flanker David Pocock teamed up in a powerful back-row combination.


“It’s a huge honor to step into this role,” Hooper said in Sydney yesterday. “I’ve learnt a lot from Stephen... Having him for the next four months is so critical for the team and so helpful for me.


“I’m so excited about learning and getting better in this role -schwarz-weiss.html" target="_blank" class="postlink">Bestellen Herren Nike Air Max 96 SE XX Schwarz Weiß , there’s a lot of good times ahead.”


Hooper will lead the Wallabies during a tough period for Australian rugby and faces a baptism of fire against an world champion All Blacks side smarting from being held to a draw in their recent series against the British and Irish Lions.


The teams meet in Sydney on August 19, with the 2nd match of their Bledisloe Cup series in Dunedin a week later.


Australia’s provincial teams were unable to win a single match against New Zealand opponents during the Super Rugby season, while the Wallabies drew scathing criticism for their performances during the June internationals.


After overcoming Fiji Kaufen Herren Nike Air Max 95 Weiß , they lost at home to Scotland and suffered a huge scare against lowly Italy.


Hooper’s fitness to captain the Wallabies will also be questioned in some quarters, with former skipper Pocock set to return to the national setup next year after taking a year-long sabbatical.


Pocock could put pressure on Hooper’s hold over the starting No. 7 jersey and is seen by some pundits as the ideal man to lead the Wallabies to Japan.


Cheika, however Billig Herren Nike Air Max 95 Triple White , saw no conflict in managing the two opensides. “It’s not like those two guys haven’t been in the same squad before. Right now David’s having time off. He’ll have to come back in, earn his stripes, get himself back in the side. I don’t see any type of issue with the combination of players Bestellen Herren Nike Air Max 95 Triple Black , whatsoever.”


RABAT, July 22 (Xinhua) -- The Moroccan city of Marrakech will host the 30th World LPG (Liquid Petroleum Gas) Forum on October 3-5, the World LPG Association has announced.


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