The Revenue Minister says Donald Trump was a factor in scrapping the incoming Digital Services Tax Bill.
 
A legacy of the last Government, it would've imposed a three percent tax on revenue from Kiwis - earned by the likes of Facebook and Google.

The US President has called such legislation 'overseas extortion', and said he'd act against it.

Simon Watts says they considered recent developments, including in the US.

"But at the end of the day - I took a look at this tax, we've been looking at it a bit and it's got some real drawback - and we've made the decision to pull it from the agenda."

LISTEN ABOVE

 

The Revenue Minister says Donald Trump was a factor in scrapping the incoming Digital Services Tax Bill. &nbsp; A legacy of the last Government, it would've imposed a three percent tax on revenue from Kiwis - earned by the likes of Facebook and Google.
The US President has called such legislation 'overseas extortion', and said he'd act against it.
Simon Watts says they considered recent developments, including in the US.
"But at the end of the day - I took a look at this tax, we've been looking at it a bit and it's got some real drawback - and we've made the decision to pull it from the agenda."
LISTEN ABOVE
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Simon Watts: Revenue Minister admits Donald Trump was a factor in scrapping Digital Services Tax Bill

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/be805399-cad4-4f0d-80f6-b2e40069521c/transcript