Kiwi firm helps run sales taxes
Wellington software firm Data Torque is enjoying a growth spurt bringing sales taxes to the developing world.
The 30-person software firm, which has developed tax collection systems for dozens of countries around the world, has inked a deal which will allow the government of the Bahamas to introduce a New Zealand-style GST.
It has also completed the first stage of a tax system that will allow Kiribati to introduce its first value-added sales tax on April 1.
Data Torque has opened its first permanent overseas office, in the Seychelles, to expand its activities in Africa.
Spokesman Daniel Wallis says the International Monetary Fund is insisting more developing countries introduce a sales tax as a condition of receiving ongoing aid.
The goal is to make those countries' fiscal systems more sustainable.
- © Fairfax NZ News