What’s the problem?

Large corporations and multi-nationals are able to take advantage of loopholes in our tax system to limit the amount of tax they pay. Multi-nationals can take their super-profits offshore minimising their tax in Aotearoa. Large corporations, like supermarkets, banks, electricity retailers make excessive profits due to lack of competition or windfall situations (e.g. COVID or natural disasters).

For example, some of the largest multi-national tech corporations - like Facebook, Amazon, Google and Microsoft - are earning billions of dollars of revenue in New Zealand, but paying very little tax, so we’re missing out on $100s of millions of much needed tax revenue.

These corporations are generating wealth for their super rich executives and shareholders by using our infrastructure, relying on workers trained in our schools and looked after by our health system, but they are not paying their fair share to maintain these services. What’s more, small and medium New Zealand businesses who are paying their share of taxes are at a disadvantage.