Govt must start again with foreign trusts inquiry

http://www.stuff.co.nz/business/79714914/the-panama-papers-new-zealand-link-revealed

The Green Party is calling for the Government to start again and broaden the scope of the Shewan Inquiry, following new evidence from the Panama Papers of New Zealand’s role in the global web of tax avoidance, uncovered by the Australian Financial Review.

“The Government needs to go back to the drawing board and start a much more comprehensive inquiry into allegations that New Zealand is becoming a destination of choice for ultra-wealthy people seeking to avoid paying tax in their home countries,” Green Party finance spokesperson Julie Anne Genter said.

“Kicking the tyres and taking a quick look under the bonnet, as John Shewan has been told to do, simply isn’t enough to get to the bottom of this issue which is sullying New Zealand’s good reputation as a transparent country.

“The Government needs to stop defending wealthy tax avoiders and start cleaning up this mess.

“We need a much fuller review with a panel of local and international experts, with the ability for anyone with relevant information to provide input, given that Mossack Fonseca is probably only the tip of the iceberg in New Zealand.

“This is about what’s right for New Zealand as a responsible global citizen. We shouldn’t be allowing our good name to be tainted by global tax dodgers who are cashing in on our high ranking in international transparency indexes.

“John Key’s lawyer, Ken Whitney, has cropped up again in today’s leaked papers. He reportedly wrote to Mossack Fonseca directly to provide written references for companies seeking to get work opening foreign trusts in New Zealand.

“It’s beyond belief that our Prime Minister has been minimising the seriousness of this issue. It’s past time undertake a proper review,” said Ms Genter.

Action

Support our Climate Action Plan for bigger bolder climate action

We agree with all five of the School Strike for Climate's demands. Read more and sign the petition.
Take Action

Action

Show your support to end housing inequality

New Zealand’s housing market is becoming increasingly divided between people who own their own homes and those forced to rent for life...
Take Action

Latest Finance Announcements

Story

Green Budget win backs public sector leadership on climate change

The Greens in Government have today won a significant investment to help move the public sector estate onto clean, renewable energy, Green Party Co...
Read More

Story

Budget 2019 Speech - James Shaw

E te Māngai o te Whare, tēnā koe. Ki a koutou ōku hoa Pāremata, huri noa i te Whare, ngā mihi o te tau hou ki a koutou katoa. 1.         The Wellbe...
Read More

Story

Green Party welcomes first Wellbeing Budget

“The Green Party is proud to welcome New Zealand’s first Wellbeing Budget to deliver change for New Zealanders,” Green Party Co-leader James Shaw s...
Read More

Story

Wellbeing: We need to change how we see our economy

“The Wellbeing Budget is a first step in changing the way we look at the economy and our place in it”, said Green Party Co-leader Marama Davidson. ...
Read More

Story

New Zealand needs a Fairer Tax System

“We’ll continue to work with Labour to make our tax system fairer,” Green Party Co-leader James Shaw said today following the Government response t...
Read More

Story

Green Party welcome Tax Working Group report

The Green Party welcomes the Tax Working Group report, which lays out a plan to ensure taxation in Aotearoa is fair and enhances the wellbeing of a...
Read More