Why doesn't the government tax the big tech giants?
Forgive me in advance for my ignorance here, but I am genuinely interested in this discussion and whether or not anything like this would ever be viable.
Tech companies like Meta, Google and Amazon are proven to be shipping billions of dollars in New Zealand revenue into offshore tax havens like Ireland, allowing them to show little to no taxable revenue here.
If it's not possible to tax them thanks to that loophole, what if the government introduced a tax on every dollar of ad spend from New Zealand advertisers? If you knew that an advertiser was spending $1000 per week on ads which is 100% profit for the tech company given it's almost always programmatic, is it possible to introduce a tax on every dollar before they ship it out to their tax havens?
There's got to be some way to get these oligarchs to pay their fair share, surely?