Govt to adopt Shewan's foreign trust recommendations

Tue, 12 Jul 2016

By Paul McBeth July 13 (BusinessDesk) - The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. Finance Minister Bill English and Revenue Minister Michael Woodhouse today said the government will act on all of Shewan's recommendations to bolster registration, disclosure, anti-money laundering rules and information sharing. Shewan's review of New Zealand's foreign trust rules found disclosu...

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