TikTok's NZ Economic Contribution at Risk Amid Tax Questions
TikTok has made a significant contribution to New Zealand's economy, generating $1.2 billion in revenue, according to a report by Ryan Bridge TODAY.
The report highlights the social media platform's impact on the country's GDP and its potential tax implications.
However, experts question whether TikTok pays sufficient taxes in New Zealand, with some arguing that the company may be avoiding tax obligations through clever accounting practices.