PLUS: China allows first wave of chatbots, India’s sun-spotter soars; ASUS smacks down speculation it will quit smartphones
that its Pragyan lunar rover's mission completed its assignments and has been placed into sleep mode. The rover's battery is fully charged, and it's hoped it can be reactivated on September 22 – the date of the next lunar sunrise. The rover hasNew Zealand last week announced a digital services tax on large multinational companies beginning in 2025.
"This is a problem faced by countries across the world. With more and more overseas businesses embracing digital business models, our ability to tax them is restricted and the burden falls to smaller groups of taxpayers,"Robertson said the government had worked with the Organization for Economic Cooperation and Development on its anti-tax-avoidance measures but was preparing legislation in case an agreement did not materialize – which it hasn't.
"While we will keep working to support a multilateral agreement, we are not prepared to simply wait around until then to find out," said the minister. The tax would be applied at three percent on gross taxable New Zealand digital services revenue and begin in 2025. It would apply to multinational businesses making over US$812 million a year from digital services and more than US$2.1 million a year from those services provided to New Zealand users. It is expected to bring in US$132 million over four years.
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