Govt may change tax rules for 'look through companies', says Key

Mon, 09 May 2016

By Pattrick Smellie May 9 (BusinessDesk) - Officials were already looking at reforms to the so-called 'look-through company' regime, implicated in New Zealand's connections to the Panama Papers before the massive dump of leaked tax records became public, Prime Minister John Key says. A Cabinet committee would be looking this week at "base-minimisation rules relating to LTCs," Key told his weekly post-Cabinet press conference. "There have been concerns about that." Key addressed the latest developments in the document dump as the first...

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