Patrick and all

This is long overdue. The principal of Transfer Pricing is under attack. As it should be since this has been used for far too long to deny tax revenues to countries where the service/product is being used. It's going to be a long battle however as these guys will fight hard to retain the status quo. Something to watch closely.

Regards

Ali Hussein

Principal

AHK & Associates

 

Tel: +254 713 601113

Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: http://ke.linkedin.com/in/alihkassim


13th Floor , Delta Towers, Oracle Wing,

Chiromo Road, Westlands,

Nairobi, Kenya.


Any information of a personal nature expressed in this email are purely mine and do not necessarily reflect the official positions of the organizations that I work with.


On Mon, Feb 18, 2019 at 1:42 PM Patrick A. M. Maina via kictanet <kictanet@lists.kictanet.or.ke> wrote:
"New Zealand that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net.

Prime Minister Jacinda Ardern said the cabinet had agreed to issue a discussion document about how to update the country's tax framework to ensure multinational companies pay their fair share.

"Our current tax system is not fair in the way it treats individual tax payers, and how it treats multinationals," Ardern told reporters at her weekly post-cabinet news conference."


New Zealand to target online firms like Google, Facebook and Amazon with...

CNBC

New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digita...



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