
John Key's embarrassing disclosure
Prime Minister John Key has made an embarrassing disclosure of a link to a company specialising in foreign trusts.
Prime Minister John Key has made an embarrassing disclosure of a link to a company specialising in foreign trusts.
A Kiwi family with two children on a single income pays the least amount of income tax in the OECD.
It would be useful to hear the conclusions of someone from outside, not least because the Panama Papers call into question New Zealand's good faith as an international citizen.
COMMENT: Companies with operations in multiple jurisdictions will seek to maximise their opportunities to reduce their tax bill.
COMMENT: John Key has now ordered a tax expert to look into the trusts here, presumably to reassure us that there's not one rule for the rich and another for PAYE plodders, writes Barry Soper.
COMMENT: Switzerland has attracted foreign capital to its banking system offering a mixture of secrecy, preferential tax treatment and creative corporate structures.
John Key says independent review of foreign trusts likely to go ahead but he has no intention of releasing his tax records.
New Zealand-based investors are selling out of Diligent Corp before the company is acquired by venture capital firm Insight Venture Partners.
COMMENT: The fact that so many of the people wrapped up in the Panama Papers are in government shows there's no political will to change the situation, writes Raybon Kan.
The law change will mean paying more to watch content on Netflix.
Prime Minister John Key is just one of many who say the amount of tax paid here by some multinational companies isn't fair.
Americans don't need to go to Panama - they have a thriving offshore industry at home.
A businessman with close links to the Mexican President set up a series of shell companies in New Zealand.
Inland Revenue is trying to get information on New Zealanders who have dealt with Panamanian law firm Mossack Fonseca.
A New Zealander has been named as a director for thousands of shell companies revealed in the Panama Papers as being used to avoid tax by wealthy clients.
COMMENT: The fact that New Zealand's trust regime is caught up in the midst of it all will be a surprise to many Kiwis.
The Panama Papers leak has revealed how the rich and powerful have hidden their billions.
The naming of NZ as a tax haven which allows foreign investors to hide their income in secretive trusts will not force the Government to change any tax rules, John Key says.
From soccer stars to Saudi kings, some of the wealthiest people in the world have been exposed by massive leak of tax papers.
Huge leak of 11.5 million documents from a Panama law firm shows associates of Russian President have moved as much as US$2 billion through offshore accounts.
Inland Revenue's grab at Trade Me members' personal data netted it just $3 million in fresh taxes.
Executive incentive schemes aim to boost company performance. But is it too easy for top bosses to get a reward?
International tax issues are bubbling away again with the recent revelation from the NZ Herald that multinationals operating in NZ pay just $1.8 million of tax on revenue of $10 billion.
Multinational tax policy isn't easy or simple and it isn't usually sexy. But, like a lot of things, the internet has livened up the debate.
Taxpayers' Union says Labour Party plans for "universal basic income" will come with hefty price tag.
COMMENT: Australia's people have been given unprecedented access into the tax affairs of the nation's largest private companies.
COMMENT: Playing field for tax calculations is far from level - subsidising some but penalising others, writes Mary Holm.
Facebook and Google were included in a list of 20 companies assessed by the Herald as being the most aggressive in legally shifting profits out of NZ.