EU says claims bloc targeting NZ over tax 'incorrect and misleading'

Wed, 03 Aug 2016

By Edwin Mitson Aug. 3 (BusinessDesk) - The European Union's representatives to New Zealand say reports that the regional economic bloc is targeting the nation as a tax haven as "incorrect and misleading." Their comments follow media reports on Monday that the 28-nation EU was preparing to take action against New Zealand following the publication of the Panama Papers, which showed foreign trusts were being marketed to wealthy individuals by the law firm Mossack Fonseca. A review by the former New Zealand chair of PWC, John Shewan, found...

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