web analytics

Posts Tagged ‘tax haven’

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.”

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 - 65 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.

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

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?

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.

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.

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.

Key’s sloppy trust

Written By: - Date published: 12:45 pm, May 5th, 2016 - 7 comments

An editorial in The Herald today keeps the pressure on Key. Meanwhile his “lawyer” can’t be happy, and Key hits peak condescension.

Key and McClay sorting out their lines

Written By: - Date published: 9:12 am, May 4th, 2016 - 16 comments

On the nobbled IRD tax haven review Key has been sorting out his lines. Then he had to feed McClay his. The concept of just telling the truth probably never occured to either of them.

The wheels on the bus go round and round

Written By: - Date published: 3:28 pm, May 3rd, 2016 - 18 comments

Key chucks his “lawyer” under a bus – Part 2.

Key chucks his “lawyer” under a bus

Written By: - Date published: 10:04 am, May 2nd, 2016 - 125 comments

Key has form on lying, you’d hope that his “lawyer” does not.

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 - 52 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’.

Off-shore Trusts (a simple solution)

Written By: - Date published: 11:14 am, April 12th, 2016 - 42 comments

I know this won’t happen, but still…

Key changed the law to extend NZ as a tax haven

Written By: - Date published: 6:51 am, April 11th, 2016 - 289 comments

John Key personally directed the 2011 law change that turned NZ into an attractive tax haven.

It’s part of a complicated context involving his failed plan to turn NZ into a “financial hub”.

Kiwis to be implicated by Panama papers

Written By: - Date published: 7:13 am, April 10th, 2016 - 120 comments

Yesterday The Nation interviewed the Centre for Public Integrity’s Peter Bale about the inevitability of New Zealanders being implicated by the Panama Papers.

Panama vows action – NZ closes its eyes

Written By: - Date published: 7:03 am, April 8th, 2016 - 18 comments

The cycle of corrupt money. 100% tax haven. And we’re being put to shame by Panama.

Obama calls for international tax reform – what will Key do now?

Written By: - Date published: 6:31 am, April 7th, 2016 - 122 comments

Key has made it clear that he doesn’t care that NZ is operating as an international tax haven. When The Greens called for action he called them “barking mad”. But last night President Obama called for international action on tax reform. What will Key do now?

John Key’s response to the Panama Papers leak

Written By: - Date published: 9:13 am, April 5th, 2016 - 42 comments

John Key and National are floundering and trying urgently to work out what lines they should use concerning the release of the Panama Papers.

Deborah Russell: What’s going on with foreign trusts?

Written By: - Date published: 8:00 am, April 5th, 2016 - 66 comments

Deborah Russell provides expert analysis and commentary on the treatment of foreign trusts in New Zealand and how there is actually a loophole.

Recent Comments

Recent Posts

  • Parts of Waikato to stay at Alert Level 3 for next six days
    The parts of Waikato that have been in Alert Level 3 will remain at that alert level till Wednesday, COVID-19 Response Minister Chris Hipkins said today. “Based on the latest public health information, maintaining level 3 in those parts of the Waikato continues to be the most prudent course of ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Hon Peeni Henare September 2021 Proactive Diary Release
    ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • NZ passes world-first climate reporting legislation
    New Zealand has become the first country in the world to pass a law that will ensure financial organisations disclose and ultimately act on climate-related risks and opportunities, Commerce and Consumer Affairs Minister Dr David Clark and Climate Change Minister James Shaw today announced today. The Financial Sector (Climate-related Disclosures ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • Prime Minister NZ UK FTA opening remarks
    Tēnā koutou katoa. Ngā mihi nui ki a koutou katoa. I am delighted to announce today that following a conversation with Prime Minister Johnson last night, New Zealand and the United Kingdom have Agreed in Principle a historic high-quality, comprehensive and inclusive free trade agreement. I’m joined today by the Minister ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • New Zealand secures historic free trade deal with the United Kingdom
    A boost of almost $1 billion to New Zealand GDP, unprecedented access for New Zealand exporters to the UK market UK to eliminate all tariffs on New Zealand exports, with over 97% being removed the day the FTA comes into force NZ exporters to save approx. $37.8 million per year ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Quarterly benefit numbers show more people in work
    Benefit figures released today show a year on year fall of 9,807 people receiving a Main Benefit in the September Quarter.  “The Government is working hard to tackle COVID-19 and it is clear our strong response to the initial outbreak has created a resilient labour market which is providing opportunities ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • Health reforms bill introduced to Parliament
    Legislation central to fixing the health system has been introduced into Parliament by Health Minister Andrew Little. “Rebuilding the public health system is critical to laying the foundations for a better future for all New Zealanders,” Andrew Little said. “We need a system that works for everybody, no matter who ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NCEA and NZ Scholarship Exams to proceed
    NCEA and New Zealand Scholarship exams will proceed, including in areas where Alert Level 3 has been in place, Education Minister Chris Hipkins said today. “The New Zealand Qualifications Authority, Ministry of Education and Ministry of Health have been working together to ensure exams can be managed in a safe ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Limited change to onsite learning – for senior secondary students – in Level 3 regions
    Onsite learning at schools in Level 3 regions will start from next week for senior secondary school students to prepare for end of year exams, Education Minister Chris Hipkins said today. “Secondary schools in these regions will start onsite learning for years 11 to 13 on Tuesday 26 October,” Chris ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Guaranteed MIQ spots for health workers
    The Government is changing the way managed isolation is co-ordinated for health workers, guaranteeing 300 spots a month for the health and disability sector. “Our world-class workforce is vital in rebuilding the health system and dealing with the COVID-19 pandemic,” Andrew Little said. “Whether it’s bringing doctors or nurses in ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt helps to protect New Zealanders digital identities
    Making it easier for New Zealanders to safely prove who they are digitally and control who has access to that information is one step closer to becoming law, Minister for Digital Economy and Communications, Dr David Clark said. The Digital Identity Services Trust Framework Bill passed its first reading today ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Red tape cut to boost housing supply
    New building intensification rules will mean up to three homes of up to three storeys can be built on most sites without the need for a resource consent New rules will result in at least 48,200 and as many as 105,500 new homes built in next 5-8 years Bringing forward ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Nationwide business partnership grows conservation jobs
    Further Government support for New Zealand’s longest-standing sustainable business organisation will open up opportunities for dozens of workers impacted by COVID-19 to jump start a nature-based career, Conservation Minister Kiri Allan says. Partnering to Plant Aotearoa, led by the Sustainable Business Network (SBN), is a collaboration with iwi, hapū and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand increases climate aid contribution
    Government commits $1.3 billion over four years to support countries most vulnerable to the effects of climate change At least 50 percent of funding will go to the Pacific as it adapts to the impacts of climate change The increase means New Zealand now meets its fair share of global ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Super Māori turnout for Super Saturday
    Māori have put a superb effort into mobilising to get vaccinated over Super Saturday, with thousands rolling up their sleeves to protect themselves, their whānau and communities from COVID-19, Associate Health Minister Peeni Henare says. “It was absolutely outstanding that 21,702 Māori got vaccinated on this one day alone with 10,825 ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Language assists Tagata Niue to thrive
    Despite the uncertain times we face with the challenges of COVID-19, our cultural knowledge, values and language remain constant, helping us progress towards goals in life, said  the Minister for Pacific Peoples Aupito William Sio. This year, the Niuean community in New Zealand decided on the theme, “Kia tupuolaola e ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand Ambassador to France announced
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Caroline Bilkey as New Zealand’s next Ambassador to France and the OECD. “Aotearoa New Zealand and France have a shared history, and enjoy a strong, collaborative partnership. This includes a strong trade and economic relationship, a shared commitment to support ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt welcomes nurses’ pay settlement
    The Government is welcoming news that a new employment agreement for nurses working in public hospitals has been settled. “I am very pleased that the hard work of the Nurses Organisation and District Health Boards has led to a settlement that both can support,” Health Minister Andrew Little said today. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Judge of the High Court appointed
    Māori Land Court Judge Layne Harvey has been appointed a Judge of the High Court, Attorney‑General David Parker announced today. Justice Harvey graduated with an LLB from the University of Auckland in 1992 and commenced employment as a law clerk with Simpson Grierson in Auckland that same year. In 1997 ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Kiwis to have their say on plan to reduce waste
    New Zealanders are invited to have their say on proposals for a new waste strategy and options for new waste legislation. “Reducing waste is one of the issues all New Zealanders – especially younger Kiwis - care deeply about,” Environment Minister David Parker said today “New Zealand is one of ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Next steps in action plan for indigenous rights kicks off
    Minister for Māori Development Willie Jackson has today meet with more than 30 national Māori organisations in an online hui, kicking off the process to develop a plan for New Zealand to implement the United Nations Declaration on the Rights of Indigenous Peoples (the Declaration). The previous National Government signed ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Iwi-led housing solutions build homes for the future
    Whai Kāinga, Whai Oranga will open on 20 October, to receive applications for investment through Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development and Te Puni Kōkiri The $730m fund combines investment from Budget 2021 ($380m) and the Māori Infrastructure Fund ($350m) - the largest investment seen ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • E whakarite ana Te Kāwanatanga i ngā tūāpapa mō twhakamaumahara ki Te Petihana Reo Māori ka t...
    I te rā nei, i pānuihia e te Minita mō Manatū Taonga, ko Carmel Sepuloni, rāua ko te Minita Whanaketanga Māori, ko Willie Jackson, ā tērā tau, ka whakanuia rawatia te 50 o ngā tau mai i te whakatakotoranga o te petihana mō te Reo Māori me te huanga mai ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • E whakarite ana Te Kāwanatanga i ngā tūāpapa mō tewhakamaumahara ki Te Petihana Reo Māori ka t...
    I te rā nei, i pānuihia e te Minita mō Manatū Taonga, ko Carmel Sepuloni, rāua ko te Minita Whanaketanga Māori, ko Willie Jackson, ā tērā tau, ka whakanuia rawatia te 50 o ngā tau mai i te whakatakotoranga o te petihana mō te Reo Māori me te huanga mai ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government green lights rapid antigen testing
    Some of the country’s largest businesses have put in an order for 300,000 approved rapid antigen tests for their workforce, after working at pace with the Government on a new scheme unveiled by Associate Minister of Health and Research, Science and Innovation Ayesha Verrall. A coalition of around 25 businesses ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government lays foundations as Māori Language Petition commemorations take shape for 2022
    Taiaha hā! Taiaha hā! - Te kairangi o te reo hoki mai ki taku tikanga, ki taku taumata, ki taku reo, ki taku ao. He reo whai tikanga, he reo whai mana, he reo whai tangata koe. Ki te whāngaihia te reo Māori he ao tēnā, ki te kore he ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Major contract awarded to power NZ Battery investigation
    A consortium of specialist firms has been awarded a major contract to advance the New Zealand Battery Project’s feasibility investigation into a pumped hydro storage scheme at Lake Onslow, the Minister of Energy and Resources Megan Woods has announced. “This contract represents a major milestone as it begins the targeted ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Additional Funding for Foodbanks and Social Agencies
    The Government has approved $13.55m from the Covid Response and Recovery Fund to support foodbanks and social sector agencies, Minister for Social Development Carmel Sepuloni has announced. “Foodbanks and social agencies across Auckland are doing a great job supporting their communities and the Government is today providing them with more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Generating a new generation of guardians
    The Government is supporting a Whakatōhea-led project undertaking landscape scale restoration in forests and around vulnerable rivers within the Eastern Bay of Plenty, Minister of Conservation Kiri Allan says. “The Whakatōhea Tiaki Taiao project will employ four people to undertake pest and weed control, ecosystem restoration and monitoring over three ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Parts of Waikato, Northland staying at Alert Level 3
    The parts of Waikato that have been in Alert Level 3 and Northland will remain in Alert Level 3 for a few more days, COVID-19 Response Minister Chris Hipkins said today. Auckland remains at Alert Level 3, Step 1. “Based on the latest public health information, ministers have decided that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New courthouses for Tauranga and Whanganui
    The Government is moving ahead with new courthouses in Tauranga and Whanganui, which the Justice Minister says provide an opportunity to redesign court facilities that help put victims at the heart of the justice system. “These courthouses are part of the 10-year infrastructure investment plan to restore and modernise Ministry ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech on the launch of the consultation on the development of the Emissions Reduction Plan
    Tēnā koutou katoa. Ngā mihi o te ata. Earlier this month Save the Children wrote to me with their most up to date analysis on the impact of climate change. What they said was that children born in Aotearoa today will experience up to five times as many heatwaves and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Opportunity to shape NZ’s first Emissions Reduction Plan
    The Government is inviting New Zealanders to inform the country’s first Emissions Reduction Plan with the release of a consultation document containing a range of policy ideas to decrease the country’s emissions, Prime Minister Jacinda Ardern and Climate Change Minister James Shaw announced today. The Emissions Reduction Plan will set ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Convention on Biological Diversity COP 15, Virtual High-Level Segment
    Kia ora koutou katoa. I want to thank China for hosting this critically important Conference of the Parties. We are all here for the same reason. Biodiversity loss, and the ongoing degradation of nature, are accelerating at an unprecedented rate. These losses are causing irreparable harm to our planet’s ability ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government books show resilient and strong economy
    The end of year audited Crown accounts released today show the Government’s health led approach to the COVID-19 pandemic has protected New Zealand’s economy. “On almost every indicator the accounts show that the New Zealand economy has performed better than forecast, even as recently as the Budget in May. It ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • ​​​​​​​Health system is ready for assisted-dying law
    The health system is ready for the implementation of the End of Life Choice Act when it takes effect next month, making assisted dying legal in New Zealand, Health Minister Andrew Little said today. The law received 65.1 per cent support in a public referendum held alongside last year’s general ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Taking a lead in threat to curious kea
    Reducing lead poisoning of kea, the world’s only alpine parrot and one-time New Zealand bird of the year winner, is the goal of a two year project being backed by the Government’s Jobs for Nature programme, Minister of Conservation Kiri Allan says.  “Lead poisoning is a serious threat to this ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government provides certainty to working holiday and seasonal visa holders and employers for summer
    The Government will extend Working Holiday visas and Supplementary Seasonal Employment (SSE) work visas for six months to provide more certainty to employers and visa holders over the coming summer period, Immigration Minister Kris Faafoi has announced. “This offers employers and visa holders the certainty they’ve been asking for going ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Lower card fees good for businesses, consumers
    The Bill to help lower the cost of the fees retailers get charged for offering contactless and debit payment options is another step closer to becoming law, Commerce and Consumer Affairs Minister Dr David Clark said today. “COVID-19 has changed the way we spend our money, with online and contactless ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Mandatory vaccination for two workforces
    High-risk workers in the health and disability sector to be fully vaccinated by 1 December, 2021, and to receive their first dose by 30 October School and early learning staff and support people who have contact with children and students to be fully vaccinated by 1 January, 2022, and to ...
    BeehiveBy beehive.govt.nz
    2 weeks ago