Former IRD minister Dunne concerned that Panama Papers show surge in foreign trusts in NZ

Mon, 09 May 2016

May 9 (BusinessDesk) - Peter Dunne, who was Minister of Revenue from 2005 to 2013, says he is concerned that a fourfold increase in the number of foreign trusts in New Zealand, revealed in the Panama Papers, could harm the nation's reputation. “That explosion inevitably raises perceptions that New Zealand is being used a tax haven, and that is not good for our international reputation," Dunne said. "These revelations challenge the identity of New Zealand – we do not want to be seen as a country that enables tax evasion." Prime Minister Jo...

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