Key faces sustained questioning on NZ presence in 'Panama Papers'

Mon, 04 Apr 2016

By Pattrick Smellie April 4 (BusinessDesk) - Prime Minister John Key faced sustained media questioning on the use of New Zealand-registered foreign-controlled trusts in international tax avoidance uncovered by a massive leak of documents that are being called 'the Panama Papers'. Insisting that New Zealand was not a tax haven, Key said New Zealand had "extensive disclosure requirements" in place for foreign trusts and was party to "a network of different treaties" with other countries to ensure tax owed by New Zealanders was not avoided b...

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