‘Strong NZ connection’ to Panama Papers
A Kiwi journalist at the heart of a huge leak of documents from a Panama-based law firm says some New Zealand names could be dragged through the mud.
Or – you know – exposed to the sunlight.
More than 11,000 foreign trusts have been set up in New Zealand and opposition parties are accusing the Government of allowing the country to be used as a tax haven.
Which it is.
“You can be absolutely certain, I think, or as near to certain that there will be significant numbers of New Zealanders and of New Zealand entities, certainly New Zealand entities, within this data set.”
“The history of New Zealand’s position on offshore companies, people registering trusts there from offshore and also things like New Zealand’s relationship with Niue and some of the other places that we know Mossack Fonseca has used, means that you should assume that there is a very strong New Zealand connection.”
It will be interesting to see what emerges as the data is analysed. I wonder if there will be any NZ politicians on the list. I wonder what the records of the top three offshore law firms would reveal (Mossack Fonseca is only the fourth largest).