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Revealed: Millions in taxpayer dollars sent offshore to Big Tech (opens original article in a new tab)

TL;DR

Foreign big tech companies in New Zealand divert most revenue offshore through subsidiaries in Ireland or Singapore, sending millions in taxpayer dollars abroad as licensing fees, purchases, or service fees.

  • Foreign big tech companies in New Zealand send most revenue offshore through subsidiaries in Ireland or Singapore
  • Revenue is redirected as 'licensing fees', 'purchases', or 'service fees'
  • Millions in taxpayer dollars are sent offshore

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