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Coke’s departing managing director says that New Zealanders have an anti corporate mentality and that this is stifling business growth.
We say that corporates are responsible for most of this negativity. Most New Zealanders have a sense of fairness and when things happen that go against that they don’t like it. Multi million dollar senior management salaries, corporates able to change New Zealand’s laws to please themselves (Warner Brothers), and multinationals who pay unfairly small amounts of tax (Facebook paid less than $14,500 tax in NZ last year and is part of a tax shifting exercise by corporates that denies $1.5 billion of taxes to New Zealand) are factors that reduce goodwill. While senior executives are entitled to take the large salaries offered to them, and multinationals are entitled to exploit laws that allow them to pay little tax, it grates when they fail to see how this type of behaviour offends most New Zealanders. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10859869
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