This country is ready to slap a new tax on Google, Facebook

Wellington: New Zealand’s government announced plans on Monday for a new tax targeting online giants like Google and Facebook that earn plenty of money in the country but pay little tax. Prime Minister Jacinda Ardern said there’s a gap that needs to be closed. “Our current tax system is not fair in the way that it treats individual taxpayers and the way that it treats multinationals,” she said. “It’s not fair.” She said the proposed digital services tax would tax multinational online companies at about 2 or 3 per cent on the revenue they generate in New Zealand, a rate that is in line with other countries considering similar taxes.
Revenue Minister Stuart Nash said foreign online companies have a competitive advantage over local companies that do pay significant amounts of tax. He said the new tax could be implemented next year.