Imagine having money or assets and not having to pay tax on them! Sounds like a dream right? But for the super wealthy, it can be very real. Rebecca Stevenson takes a dive into the muddy waters of offshore trusts. How is it that a Russian bank which collapsed owing billions was registered to a … Read more
You’ve heard about how foreign trusts are exploiting legal loopholes to park money in New Zealand and avoid paying tax. But there’s another NZ financial body causing ripples around the world, for all the wrong reasons, as Gareth Vaughan explains. This story was first published on interest.co.nz Here are two numbers for you: 83 and … Read more
In the latest Ika Table Talk, Jessica Mutch, Grant Robertson and Suzanne Snively join Guy Williams to discuss the impact of the Panama Papers in NZ. Comedian, broadcaster and tall man Guy Williams led a lively discussion at Ika restaurant on Tuesday evening on the subject of Politics, the Press and the Panama Papers. Reporter … Read more
What are foreign trusts and where do they come from? Is New Zealand really a tax haven? And how can we fix things? Tax expert Deborah Russell explains all No one ever set out to create a tax haven in New Zealand. Our tax system is largely robust, transparent and fair. There’s just this one … Read more
Opinion: Publishing the names of thousands of people who have dealt with Mossack Fonseca irrespective of wrongdoing is reckless, unfair, and worthy of Kafka’s The Trial, argues Ben Thomas. The internet loves lists. “The 28 Most Unfortunate Names In Sport”; “23 Friends Quotes That Never Stop Being Funny”, “17 Delicious Salads You Should Pack For … Read more
Theories have been circulating suggesting the mysterious figure behind the Panama Papers leaks may in fact be the NZ-based internet entrepreneur. The Spinoff begins its fearless mission to unmask John Doe by asking, is it you, Kim Dotcom? Rare is the day when the two most voluble and entertaining thought leaders of the New Zealand … Read more
Going off like a frog in a sock, the third edition of the Spinoff politics pod, featuring Annabelle Lee and Ben Thomas with Toby Manhire A brand new Gone By Lunchtime is here – unless you’re reading this some time in the future, in which case it will no longer be brand new. On the … Read more
Opinion: NZ’s ranking as one of the least corrupt countries in the world counts for nothing if our good reputation is used to aid corruption elsewhere, writes Amnesty International’s Grant Bayldon My daughter returned home with from seeing Romeo and Juliet at Auckland Pop-up Globe the other night quoting one of Shakespeare’s famous lines: “What’s … Read more
Outside the arcane world of tax havens few had noticed Mossack Fonseca creeping into the South Pacific, but New Zealand journalist Michael Field was one. He recalls how he confronted the co-founder of the law firm at the centre of the Panama Papers data leak. Jürgen Mossack came to Auckland to shut me up. For … Read more