Using New Zealand as a Tax Haven: How Was It Done? Is It Still Going On?

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dc.contributor.author Littlewood, Antony en
dc.coverage.spatial University of Auckland en
dc.date.accessioned 2018-10-09T01:02:30Z en
dc.date.issued 2017-07-10 en
dc.identifier.uri http://hdl.handle.net/2292/39696 en
dc.description.abstract The New Zealand tax system was until recently so structured as to allow the country to be used as a tax haven. Specifically, it allowed foreigners to use trusts established in New Zealand (referred to as “foreign trusts”) to avoid and evade the tax they would otherwise have had to pay in their home country. It would seem to have been possible, too, for foreigners to use such trusts for other illicit purposes, in particular money-laundering and financing terrorism. In April 2016 the publicity given to the Panama Papers attracted attention to this aspect of the New Zealand tax system. The government responded by appointing a distinguished Wellington accountant, John Shewan, to advise. He recommended that the law be changed and the government accepted his recommendations. This talk explains how the foreign trust rules work, and how the amending legislation was designed to preclude this form of abuse. en
dc.relation.ispartof University of Auckland Winter Week Lectures en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.title Using New Zealand as a Tax Haven: How Was It Done? Is It Still Going On? en
dc.type Presentation en
dc.rights.holder Copyright: The author en
dc.rights.accessrights http://purl.org/eprint/accessRights/RestrictedAccess en
pubs.subtype Oral Presentation (Not presented at a conference) en
pubs.subtype Invited en
pubs.elements-id 681100 en
pubs.org-id Law en
pubs.org-id Faculty Administration Law en
pubs.record-created-at-source-date 2017-10-03 en


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