‘Lost our nerve’: Peters says Big Tech should be paying more tax in NZ

Foreign Affairs Minister Winston Peters has criticized the tax practices of Big Tech companies operating in New Zealand, claiming they're not contributing their fair share. He argues that these corporations are exploiting loopholes and avoiding taxes, which is unfair to local businesses and the broader economy. This call for higher taxation on tech giants highlights a growing global concern about the financial impact of these firms and underscores the need for updated tax policies to ensure equitable contributions to national economies.