WELLINGTON， March 3 (Xinhua) -- The New Zealand government Friday unveiled plans to crack down on multinationals that profit from exploiting tax loopholes.


Three consultation papers proposed new measures in line with international recommendations to strengthen the taxing of large multinationals， Finance Minister Steven Joyce and Revenue Minister Judith Collins said in a statement.


"Our broad-based low rate tax system continues to perform very well for New Zealand overall. However it's important that it keeps evolving to ensure that all companies operating in New Zealand pay their fair share of tax，" said Joyce.


"The proposals in these documents are in line with the recommendations from the OECD's (Organisation for Economic Cooperation and Development) base erosion and profit-shifting (BEPS) project which has developed best practice measures for the global response to BEPS."


The documents contained proposals for tackling concerns about multinationals booking profits from New Zealand sales offshore， even though the sales were driven by New Zealand-based staff; preventing multinationals using interest payments to shift profits offshore; and implementing New Zealand's entrance into an international convention for aligning its double tax agreements with OECD recommendations.


"We welcome multinationals' participation in our economy， but we also expect them to pay tax based on their actual levels of economic activity in New Zealand，" Collins said.


Earlier Friday， Collins told Radio New Zealand that up to 300 million NZ dollars (211.77 million U.S. dollars) a year in tax was being lost through multinationals seeking to avoid paying taxes - a significant amount given that companies paid about 10 billion NZ dollars (7.06 billion U.S. dollars) in total.


Opposition lawmakers welcomed the move， but said the proposals should have greater consideration of a diverted profits tax (DPT)， a penalty on companies that artificially diverted profits.


Australia and Britain have already implemented DPTs， and Collins told Radio New Zealand that the government had not ruled it out.


However， it also wanted to investigate an alternative approach of targeting "permanent establishment avoidance."


This involved companies and non-residents that structured their affairs to avoid a taxable "permanent establishment" in a country， even when a de facto permanent establishment existed.


The OECD backed plans for a crackdown on multinational tax avoidance after a wave of global protests against big companies including Facebook， Apple and Google， when it was revealed they were paying negligible taxes on massive turnovers.


Submissions on the consultation documents would close next month and ministers said they would consider final proposals arising from the documents later in the year.


About half of China’s population plan to travel during the upcoming National Day holiday and Mid-Autumn Festival Nike Shox 2018 España , which last from Oct. 1 to Oct. 8, according to a report by China’s largest online travel agency Ctrip, thepaper reported on Thursday.


The report says that almost 710 million domestic trips will be made during the holiday, up 10 percent this year, and six million Chinese will travel abroad. The tourism industry is expected to rake in 590 billion RMB ($88.4 billion) during the period.


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As for outbound tourism, the report shows that 70 percent of Chinese tourists prefer Asia, among which 45 percent prefer Southeast Asia, followed by Hong Kong, Taiwan, Japan Nike Shox OZ Mujer España , and South Korea.


However, the report also points out that the number of Chinese tourists to South Korea will see a sharp decline of 70 percent during the holiday, while Thailand has become the most popular destination for Chinese tourists.


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Belt and Road countries are also gaining popularity, according to the report.


TEHRAN, Oct. 18 (Xinhua) -- Iran's Foreign Minister Mohammad-Javad Zarif and European Union (EU) foreign affairs chief Federica Mogherini issued a joint statement on Sunday, announcing the start of the implementation of the nuclear deal reached between Iran and the six world powers in July, according to Iran's Foreign Ministry website.


Now Nike Shox Mujer España , Iran will start implementing its obligations pertaining to the Joint Comprehensive Plan of Action (JCPOA), and the UN nuclear watchdog will prepare the means to monitor Iran's measures, the statement read. The report did not specify where the statement was released.


According to the nuclear agreement between Iran and the world powers reached on July 14 in the Austrian capital of Vienna, Iran would improve the transparency of its nuclear plan, downsize its capacity for uranium enrichment and do changes in the structure of its heavy water reactor in exchange for international and Western sanctions relief.


Based on the agreement, the nuclear deal should have gone into effect on Oct. 18 Nike Shox NZ Hombre España , or the so-called the Adoption Day, 90 days for the UN Security Council endorsed the Iranian deal.


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