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Posts Tagged ‘panama papers’

The magical disappearing Foreign Trust industry

Written By: - Date published: 9:03 am, July 6th, 2017 - 22 comments

National’s original claims that New Zealand was not a tax haven are in tatters as the Sherwan rule changes have resulted in the mass exodus of Foreign Trusts from New Zealand.

Panama Papers fallout – trusts leaving NZ

Written By: - Date published: 10:16 am, June 13th, 2017 - 118 comments

Herald: “More than 1800 foreign trusts have told Inland Revenue they don’t want to register under new rules that require them to reveal financial information and their ultimate owners.”

Panama Papers – Mossack Fonseca founders arrested

Written By: - Date published: 8:09 am, February 13th, 2017 - 30 comments

In the story that keeps rolling on, Mossack Fonseca founders arrested for money laundering.

Dodgy foreign trusts – will English take action?

Written By: - Date published: 9:43 am, January 19th, 2017 - 24 comments

Matt Nippert continued his excellent work on foreign trusts yesterday in The Herald. Will Bill English clean up the mess that John Key was determined to ignore?

Nats backsliding on tax haven law changes

Written By: - Date published: 7:54 am, November 1st, 2016 - 20 comments

The Nats are backsliding on implementing the law changes brought on by the Panama Papers revelations. If European regulators blacklist us the consequences will be catastrophic.

Panama Papers – Nat U-turn complete

Written By: - Date published: 1:11 pm, July 13th, 2016 - 28 comments

Having ignored the IRD and other advice, having insulted calls for transparency as “barking mad”, today the Nats’ U-turn on disclosure for foreign trusts is complete.

From barking mad to common sense in one easy U turn

Written By: - Date published: 9:32 am, June 28th, 2016 - 64 comments

April Key said our foreign trusts had full disclosure and proposals to increase transparency were “barking mad”. June Key is going to implement “sensible and well-reasoned” proposals to increase disclosure and transparency.

Panama papers – Shewan inquiry – our rules are inadequate

Written By: - Date published: 4:25 pm, June 27th, 2016 - 26 comments

There were many who were concerned that John Shewan was not a good choice for an inquiry into NZ’s tax haven system. Seems we owe Shewan an apology, as initial reaction suggests that he has done a good job.

More Panama papers and other dirty money

Written By: - Date published: 6:38 am, May 30th, 2016 - 143 comments

Both One News and The Herald have pieces this morning highlighting different cases of dirty money being “filtered” through NZ. Panama papers, National donors, SkyCity and more…

The real reason that politicians will take no action on tax haven corruption

Written By: - Date published: 8:04 am, May 16th, 2016 - 22 comments

panamapapersoccupations

Matthew Hooton and the Radio New Zealand post

Written By: - Date published: 9:29 am, May 15th, 2016 - 192 comments

Radio New Zealand recently published a piece penned by well known supporter of the right Matthew Hooton.  What has happened to the concept of balance?

Take action on tax haven corruption? NZ says – meh

Written By: - Date published: 3:04 pm, May 14th, 2016 - 51 comments

The Nats are all over the place on this, and they’re trashing our reputation in the process.

Fixing the tax haven – what’s the downside?

Written By: - Date published: 10:37 am, May 13th, 2016 - 75 comments

Fixing our tax haven loopholes is easy but Key won’t act. Why?

John Key’s dead cat strategy

Written By: - Date published: 9:14 am, May 12th, 2016 - 52 comments

National is hoping to avoid a proper debate about issues raised by the Panama Papers by raising a series of idiotic diversions.

Key lashes out with the smears over tax haven status

Written By: - Date published: 9:36 am, May 11th, 2016 - 122 comments

Key was disgraceful in parliament yesterday, doing his buffoon act to try and trivialise the tax haven issue, and lashing out with the smears.

Sprung again – Key’s “lawyer” has close links to Mossack Fonseca

Written By: - 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.

John Key vs the world

Written By: - Date published: 7:02 am, May 10th, 2016 - 22 comments

Is John Key the only international leader defending tax havens? Includes bonus international media round up of yesterday’s revelations.

The link between tax havens, criminals and the amoral rich

Written By: - Date published: 2:23 pm, May 9th, 2016 - 160 comments

“The Panama Papers issue is either illegal, or verging on illegal, it’s tax evasion, rather than tax avoidance,” Brash said.

John Key chickens out of #panamapapers interview

Written By: - Date published: 8:31 am, May 9th, 2016 - 37 comments

This morning John Key refused to be interviewed on Radio New Zealand after learning that they intended to ask him questions about the Panama Papers.  And some elements of the media are for some strange reason trying to say there is nothing to see because he personally has not been implicated.

NZ exporting poverty

Written By: - Date published: 8:23 am, May 9th, 2016 - 14 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.

Panama Papers whistleblower cites Pacific isles, NZ, for good reasons

Written By: - 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.

John, Ken and Mark might have had much better weeks

Written By: - Date published: 8:00 pm, May 7th, 2016 - 14 comments

“I did a little yelp of joy…like an excited puppy,” wrote Farrier, the former Newsworthy presenter at TV3, on hearing of Weldon’s resignation

Why was John Key singled out by Panama Papers hacker?

Written By: - Date published: 1:03 pm, May 7th, 2016 - 166 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?

Panama leaker’s statement singles out John Key

Written By: - Date published: 10:31 am, May 7th, 2016 - 162 comments

Over night the Panama Papers leaker “John Doe” released a “manifesto”.

In it he/she mentioned just one national leader by name, singling out our very own John Key, for his “curious silence”…

Another Panama dump on NZ links

Written By: - Date published: 6:00 pm, May 6th, 2016 - 80 comments

Australia’s Financial Review has just published more details of NZ’s starring role as tax haven in the Panama Papers.

Update: Claims that Key’s lawyer never dealt with Mossack Fonseca seem to be – untrue.

A week is a long time in politics

Written By: - 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.

Tax haven questions for National

Written By: - Date published: 7:02 am, May 2nd, 2016 - 36 comments

The weekend saw the pressure stay on National over our tax haven status, and the role Key might have played in protecting it.

Dunne concerned about “extremely damaging” tax haven label – years too late

Written By: - Date published: 3:35 pm, May 1st, 2016 - 50 comments

Peter Dunne is concerned about the ‘extremely damaging’ tax haven label. Guyon Espiner points out that he used to call it ‘legitimate tax avoidance’.

Key’s Blind Trust vs Our Blind Faith

Written By: - Date published: 4:19 pm, April 29th, 2016 - 29 comments

So Key’s lawyer reckons the PM directly requested that trust industry leaders lobby the Revenue Minister. On the other hand, PM DunnoKeyo reckons he did no such thing. That leaves some really big questions …

Grant Robertson: Full independent inquiry needed to save New Zealand’s reputation

Written By: - Date published: 10:17 am, April 29th, 2016 - 33 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.

Bowron on a tired government

Written By: - Date published: 2:53 pm, April 18th, 2016 - 349 comments

Jane Bowron writes in the Dominion Post: “Two things happened this week that could signal the beginning of the end of John Key and his government.”

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