Written By: Natwatch - Date published: 8:09 am, February 13th, 2017 - 30 comments
In the story that keeps rolling on, Mossack Fonseca founders arrested for money laundering.
Written By: advantage - Date published: 7:56 am, February 12th, 2017 - 21 comments
Bloomberg magazine has highlighted how foreign trusts are damaging New Zealand’s reputation and are being used for criminal activity.
Written By: Simon Louisson - Date published: 8:01 am, May 10th, 2016 - 170 comments
Contrary to Prime Minister John Key’s categorical assertion, his “lawyer”, Ken Whitney, has been found to have links to Mossack Fonseca, the Panama law firm at the centre of a global scandal on tax evasion and avoidance, TVNZ reported today.
Written By: te reo putake - Date published: 6:44 am, May 10th, 2016 - 50 comments
Despite the PM’s assurances, it turns out the his lawyer had direct links to Mossack Fonseca. And so did everyone else in the room when Todd McClay was successfully convinced to drop the IRD review into foreign trust. Someone’s been telling porkies …
Written By: Simon Louisson - Date published: 2:23 pm, May 9th, 2016 - 162 comments
“The Panama Papers issue is either illegal, or verging on illegal, it’s tax evasion, rather than tax avoidance,” Brash said.
Written By: Anthony R0bins - Date published: 8:23 am, May 9th, 2016 - 15 comments
By enabling tax evasion for the rich in other (notably South American) countries NZ is exporting poverty. It’s all perfectly legal. And that’s exactly the problem.
Written By: Simon Louisson - Date published: 7:33 am, May 9th, 2016 - 277 comments
A new release of Panama papers absolutely confirms New Zealand is a tax haven says Nicky Hager. And ironically, it is because of New Zealand’s squeaky clean reputation that tens of thousands of foreigners have come flooding here.
Rather than actually dealing with the issue, John Key is using his old classics “nothing to see here” coupled with “Labour did it too”, “nicky hager is a conspiracy nut”, and “wait for the (Shewan) whitewash enquiry” defenses.
Written By: Simon Louisson - Date published: 6:37 pm, May 8th, 2016 - 23 comments
Jurgen Mossack told Field his business involved people “trying to avoid paying taxes in their home countries” – crucially “avoidance”, “unlike evasion”, is within the law.
Written By: Simon Louisson - Date published: 1:03 pm, May 7th, 2016 - 169 comments
Why, out of all the rotten, corrupt and unprincipled nations of the earth, did the Panama Papers hacker single out New Zealand’s John Key for special mention?
Written By: mickysavage - Date published: 10:36 am, May 5th, 2016 - 17 comments
Over the past week the Government has gone from “there is no problem with the Overseas Investment Office” to announcing an urgent review and a staffing boost to make sure that approvals of foreign purchases of land are being properly processed.
Written By: mickysavage - Date published: 8:15 am, May 4th, 2016 - 39 comments
They say in politics that a news story is good for the opposition/bad for the Government if it hits the media cycle two days in a row. If it appears for a third or a fourth day then it is a crisis and urgent action is required. Louise Upston’s handling of the OIO is clearly a crisis.
Written By: mickysavage - Date published: 9:05 am, April 30th, 2016 - 63 comments
Labour had a strong week this week with the disclosure of individuals behind a Mossack Fonseca related entity had criminal convictions for environmental damage forcing the OIO to review its original decision. Grant Robertson has correctly called for a full inquiry into the circumstances relating to the Government stopping a review of the Foreign Trust regime. And Phil Twyford has persuaded the OAG to rule that Housing New Zealand’s handling of parts of the housing sale process were sub standard.
Written By: notices and features - Date published: 10:17 am, April 29th, 2016 - 35 comments
Grant Robertson is calling for a full inquiry into circumstances surrounding the Government’s 2015 decision not to review the country’s foreign tax rules.
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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