Shame of Panama Papers may force government action
The foreign trust business is “a nice little earner” for New Zealand, producing fee income of $25-50 million a year. With special feature audio.
Tim Hunter Mon, 04 Apr 2016
Global publicity about New Zealand’s role as an international tax haven – revealed in a huge leak of documents known as the Panama Papers – may finally force the government to act, says a tax expert.
About 11.5 million documents sourced from Panamanian law firm Mossack Fonseca were leaked to the