The Mossack Fonseca papers – Key has built NZ into a tax haven

By
Martyn Bradbury
-
109
24

fuck_you_all_nz

If we had a functioning mainstream media who were challenging Key’s moves to build NZ into an off shore tax haven over the last 8 years, this might not come as such a shocking surprise…

Panama papers: NZ trusts at the centre of Malta money scandal, Mossack Fonseca papers show

When New Zealand Prime Minister John Key flew into Malta for the Commonwealth Heads of Government Meeting in November 2015, he already knew he shared some important views with his host, Malta’s Prime Minister Joseph Muscat, about the importance of keeping the tax secrets of foreign investors.

Both countries are quiet achievers in the ranks of global tax havens, and both are determined to keep it that way.

While Malta has been fiercely resisting pressure to close tax avoidance loopholes used by foreign companies, including Australian firms, to move profits out of the European Union, New Zealand has fought just as hard to protect its laws that make foreign profits tax-free and invisible for beneficiaries of its offshore trusts.

…so a mega wealthy currency trader has helped build an entire country that worships him and his vacant aspiration into a global tax haven while our media fawn over the Batchelor.

John-Key-Swimming-Pool-Metro-2006

There has been something deeply rotten about NZ since Key came to power. The increased use of vast surveillance powers, the use of public money for blatant crony capitalism, the despicable ends his dirty politics team would go to, the loss of political and economic sovereignty by signing the TPPA,  the scapegoating and forced removal of many of those in poverty from benefits and state homes while the rich get richer and richer and richer.

Key was told 3 years ago by IRD that we had problems that was making NZ a tax haven, Key has done nothing in those three years.

The smell of infection is matched by the shrill braying of right wing pundits who not only insist Key is moderate but that criticism of a cold blooded shark like Key is a mental illness.

Now of course, if one dares point this out and mention the class issues involved at these financial elites milking the Government for their own gains, that gets decried as ‘envy’ and ‘jealousy’.

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I’m less ‘envious’ as incandescent with rage at the injustice of it all.

This is casually fascist corporate feudalism at its most obvious. John Key would need to open a Scrooge McDuck giant money swimming pool, guarded by paramilitary death squads with a 200 meter high neon sign reading ‘suckers’ for it to be more obvious.

This is very far from good.

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109 COMMENTS

  3. Still no documents with Putins name on it has emerged from the leaks?

    Some estimates place Putins wealth at $200 billion. Lol

  4. Its on a par with this adminstrations refusel to close the loopholes with regard to makeing big corporates pay their fair share of tax in this country.
    That speaks volumes on where their priorities lie and their agenda and a tax haven for wealthy individuals to hide their obscene wealth here free of their tax responsibilities should break our laws around tax evasion.
    Key is a master at hiding wealth just look at the blind trust and what returns he gets on his hidden investments up five million on the last review.
    Where is 18th century French justice when you need it.

  5. To the above posters –

    Can I reserve a front row seat please? I’ll bring along my knitting and cheer on proceedings.

  6. Let’s form the republic of Aotearoa covering every area except Key’s house, then invade it and colonise it.

  7. So, do you think the middle classes will now start feeling uncomfortable and sweaty – I think not, New Zealand is screwed, we haven’t got the bottle to get off our backsides. They wouldn’t even know what The Daily Blog was, to read about all this tax bludging but hopefully they may peruse the Herald but I’m not holding my breath. When the middle class are homeless and we have a housing collapse, maybe then. Why isn’t Labour yelling from the roof tops, because they are part of the greed of it all as well.

    • I agree! The struggling middle classes are all invested in the property market and so most keep very quiet when this kind of corruption is exposed. They are up to their necks in debt and their house of cards will come tumbling down if neo-liberalism is threatened.

    • Don’t tar Labour with National’s dirty brush, the Labour Party are not the ones doing this. It’s the John Key National government that is. Labour was fighting National over this in parliament back in 2012, why wasn’t it all over the news back then?

  8. It has become increasingly clear Key is an elite neo-liberal bankster plant. A money-trader bankster doesn’t become prime-minister of a country in the midst of a global financial crisis caused by his bankster colleagues by accident. It will be most interesting to see if these leaked documents have direct links to Key and/or if he (or his “family trusts” – do we even know under what names these are registered – I doubt they’re called “John Key’s Money Laundering Account”?) has evaded tax with off-shored accounts himself. We can’t expect journalists from NZ to be on the case of course (they all worship Key for reason’s that utterly elude me), so it’s up The Guardian, The Washington Post or Der Spiegel to do the work, as usual.

    • It was clear from the outset. Key doesn’t have the imagination, vision or weight to be the architect of what’s being created. He’s the puppet, the facade that obscures the real machinations. He’s just doing what he’s been told – and like Obama he talks a good talk and looks harmless enough.

        • “Dead eyes”.
          Interesting observation that, Lilar. This morning I was hunting around for a description of that particular trait, but I failed to come up with one. “Dead eyes” is really good.

          (And I was hunting around ‘cos Woodhouse, it seems to me, shares the same trait when he’s being interviewed.)

          “Birds of a feather . . . ? ? ?”

    • And Nicky Hager, bless him, let’s hope he knows about this money laundering racket and is working on it. Pray he keeps safe.

      • Nicky hager is one of the investigating journalists

        this from Molly on the Standard

        Molly 13.1.1
        4 April 2016 at 11:46 am
        Nicky Hager has been working on international tax havens for a few years now, as part of the ICIJ journalistic team. This is common knowledge, and ICIJ has broken the story.

        Given that the Herald is just reprinting Washington Post articles, this NZ link is not highlighted. But it is relevant for us here in NZ, knowing the recent debacle around Nicky Hager’s illegal computer data seizure by the police.

        https://www.icij.org/journalists

      • Hi Whispering Kate …

        Our Nicky is part of the International Consortium of Investigative Journalists (ICIJ). He is listed on the site below, up there with the best of them, along with those who have exposed this whole sordid issue.

        I have no doubt he is familiar with the activities of his country’s shameful business of money laundering and maybe planning on using his investigative journalism skills to expose more corruption by this government in the near future.

        And doesn’t this issue throw a whole new light on why the police were sent to destroy Nicky’s digital information?

        https://www.icij.org/journalists

      • Yeah Nicky needs to watch his back
        Just finished watching A Very British Coup on You Tube -very close to the truth on how perceived enemies are dealt with and the trail going cold
        1980s drama but the tactics used apply so well today
        NZ needs a Perkins X

    • Dead right Nitrium – its all a con job.
      How bout a huge bon fire – a bankster and crooked politician barby. Comedy.
      There will be lots of cheerleaders by the commentators above and others who have their eyes wide open.
      Lets now watch the govt. owned media try and swim their way around this one. I just love the humour and creativity of the commentators above.
      Thanks – Martyn for keeping the focus on the rot in our country.

    • A start might be a good friend of Shonkey’s called Leuschke. They were both involved in a registered company here called Lord of Auckland. After this was exposed by Labour in Parliament, Key’s name was hastily removed from the company’s records. Leuschke is responsible for quite a few leaky buildings around Auckland at the turn of this century.

  9. I agree with everything except for attacking The Bachelor. It’s quite possible to see that this is a corrupt government as well as enjoying The Bachelor.

    • If we had a functioning mainstream media who were challenging Key’s moves to build NZ into an off shore tax haven over the last 8 years, this might not come as such a shocking surprise… –

      WHERE THE FUCK IS THE LACKY GOVERNOR GENERAL????

      HE/SHE SHOULD BE RIGHT ON TJIS NOW.

      NO WONDER WHY SHONKEY WANTED A TAX DODGE REPUBLIC TO MATCH HIS CORRUPTION PERFECTLY THEN HE CAN RULE FOREVER AND ENSLAVE US ALL. BANANA KEYISM AT ITS WORST.

      • If msm had of told the truth about John key and his National government, they would have been history long ago.

        • Sadly, I don’t believe that. Many NZers are of the JK mindset. They’d vote for him even if he laid the cards, the plan, the man, the scam the sham, all on the table and said, this is who we are, NZ. Vote for National or vote for the wet, sad, losers over at the Labour party and watch PROSPERITY DRIVEN OUT OF THIS COUNTRY!!! A big yelly, shouty bit at the end. And lots and lots of Kiwis would go, bluddy hell by crikey yes, I don’t want those wet bluddy fucken, whoops, scuse me I don’t nomally swear, but, Christ, there’s nothing I hate more than a bludger, bluddy lazy buggers, etc.
          No. There are many NZers who would rather have Margaret Thatcher running the joint than horrifying latte sipping lefties.

          • It’s comments like this, is why I call right wing nutters extremists. You either come from a cult or high financed fraud. Either way there is no way you are from New Zealand. Maybe you got kicked out of Zimbabwe for being to white

            • Sam, Towanda was being sarcastic.
              S/he started with “Sadly I don’t believe that” in reference to the comment by Words that “If msm had of told the truth about John key and his National government, they would have been history long ago”
              Sadly I agree with Towanda on this point – lots of Kiwis are pretty unscrupulous, or have been made so over the last 30 years.

            • I think you’ve misunderstood my comment, which is probably not very clear to start with. It’s a “parody” of the mindset of National voters. I do believe that many National voters are deeply revolted by beneficiaries and welfare systems in general, and that they would rather have someone like Thatcher, the hard right, in government than anyone at all from the Left, which they despise. Obviously, it wasn’t well expressed. Cheers.

  10. Perhaps this is what FJK meant when he said at the last election … “NZ is on the cusp of something special”

    Ultra filth and corruption, turning this once clean and decent nation into the grubby money laundering whorehouse of the Pacific it has become during the past eight years! Makes me feel quite dirty and sullied.

    Now we know why FJK supports the overblown Auckland property market continuing. His government is allowing the city to drown in soiled and tainted money!

    After this being exposed, it makes me wonder now what toxic conjuring trick FJK has managed to concoct in Washington to infect us with!

  11. Mainstream media will focus briefly then sweep it under the carpet .That’s there job , to hide and distract ,not rat on their mates.

    If there is a connection to Key ,spun correctly ,he could go up in the polls by “providing security to the collective wealth of National Party voters .”
    Sickening.

    Whats the difference between illegal tax evasion and legitimate tax avoidance ? Nothing.

    They are all crooks . Key has knowingly allowed this to happen in NZ ,and has been a useful ally of the super wealthy.

    By supporting this he has undermined the living standards of ordinary people in countless countries by supporting the withholding of tax money in secret accounts . This money should be spent enhancing the lives of all citizens.

    The TPP is another consolidation of corporate power he supports.” Our man in the south”

    Is this the moment the teflon melts ?

  12. Wakey wakey, silly wabbits if its in the news its becuase they (NWO) want it out there. So they throw a few of there own under the bus to expose a ‘problem’ angry wabbits provide the ‘reaction’ right on que and the powers that be provide the ‘solution’ like global tax rules etc. perhaps going cashless will help with a new global currency, ofcourse we will need a one world govt to make and police the new rules. and if they can demonize Putin along the way all the better. at least we might get to see some more pandas. gotta love the pandas..

    • Not quite. They steal the truth behind this leak by putting their spin on it first. THe leak was going to come out, but the 1% have grabbed it and twisting it their way. No wikileaks this time.

    • We have a psychopath for a Pm, he wont give a damn for NZs.

      Right from the start his agenda has been selling us out to the OWO,remember the conspiricy theory? how Key called us that and other names to try to fool us.
      How can we ever trust polititions again,even if we get the chance.
      Key has stolen our children and our grandchildrens future.
      Will the general public get to know about Keys plans to make us into a tax haven and a money laundering country? The msm isnt going to let on,they are as guilty as Key.
      What can we do ???

      • ELLE, The most revolutionary thing you can do grow your own food and create a life that is not dependant on this corrupted system. never willingly give these corrupt pricks any of your hard-earned money be it tax or consumerism.
        I believe in the end you can not stand before your God and say it wasnt convenient to act righteously or others told me to do thus, it will not suffice.
        When this corrupted facsist corptocracy falls at least you and yours will not suffer as those who do nothing and starve….. Good luck.

    • @muribaba , good comments,

      Putin is like someone who knows whats going on but can,t be f…fed
      with bullsh.t coming from the west, we westerns are so brain washed
      no one really REALLY understands whats real anymore.

      • Cheers KIWI, I totally agree with you on Putin. I would even add he would be the only hope this world has got after all this status quo shit is done away with.
        People that watch TV are so brain-washed and programed there beyond saving.

      • Yes I agree, it reminds me of the scenes in the Hunger Games when Peeta is so brainwashed by president Snow and the Capital he needs to ask ” real or not real”, to know the truth.
        We are so fucked it takes effort to know what is real or not real anymore.
        Turning the living planet into dead money and hoarding it is the perfect example of this sick culture’s truth. Having to keep trying to see the truth through the propoganda News is just sad. Nothing can be trusted anymore, even Greenpeace is corrupted and money laundering for the real back door pushers the corporates who use the NGOs to manipulate what they want us to do/buy/ and believe in on their que to sell us another con job. (Listen to Derrick Jensen’s latest radio interview with Corry Morningstar). We need to stop being the manipulated puppets for these monsters who try really hard to fool us into rendering our planet lifeless. http://Www.derrickjensen.com
        These sick hoarders and PLANET EATERS will kill all life on earth for a dollar.
        As Derrick Jensen says “what are we going to do about it”?
        This system needs to be taken down now, or nothing will be left but dead junk which once was the most fantastic living planet. The corals of the Great Barrier reef are dying right now.
        ‘Real or not real’!?

  14. gofundme.com/3qwgks3g

    Please go to this link.

    please put this on your Facebook

    send it on to your friends and contacts.

    Please, sincerely,

    Grant, Fang, Tylor, Kirby and Kirwan Elmsly

    • You gem Chooky,

      Yes Australia are certainly having a real reaction and maybe the opposition will open this up and throw their right wing lot out.

      Sadly our MSM are complicit by washing over this with buckets of slime from Keyism.

      The Aussie opposition are taking this corruption by the elite to the max for the election and our opposition should to.

      • Hi Cleangreen 🙂

        I’m hoping the three Opposition parties unite in Parliament today and throughout this week and challenge FJK over this and challenge him hard. He can’t be allowed to walk away from this one unscathed.

        If the Opposition doesn’t pushes this issue to the extreme, then they shouldn’t be in Parliament!

    • The ODT never puts negative KEY-NAT NEWS on the front page , its buried at the back amongst the advertising and how to identify and kill weeds in your garden

  18. Keys constant denials that this is a problem and not an embarrassment to N.Z finally shows to everyone that he cannot be trusted in any capacity. Key has two trusts which he claims are local. The issue is the secret trusts or havens with which Key admits he has no concerns about in N.Z. The question Mr Key dodges is WHY?
    Nothing to hide, nothing to fear or
    something to hide, something to fear?

  20. Key and National have hurriedly got a script together and are not having a bar of criticism of our unofficial tax haven/money laundering status. A big “Fuck You” alright, they want this shonkey corrupt shit to stay exactly as is for reasons I hate to contemplate.

    It’s almost like Keys whole reason for being is now in question and he is seriously fucked off about it.

    • WOW HELENA THIS IS BIGGER THAN WE IMAGINED HERE 1111

      MAYBE KEY IS A NAZI TOO LIKE JOYCE SEEMS TO BE AND HAVE THEY FOUND JUDITH COLLINS CONNECTION HERE ALSO YET??

      COME ON LABOUR/NZ FIRST/GREENS GET STUCK IN THIS IS BIG!!!!

      “The Panama Papers look more like a Rothschild dynasty’s” ROTHSCHILD IS A KNOWN NAZI, AND HEADING THE BILDERBURG GROUP ANOTHER KNOWN NAZI ALIGHNED ORGANISATION FOUNDE BY A NAZI ALONG WITH ROTHSCHILD.

      http://geopolitics.co/2016/04/04/panama-papers-mossack-fonseca-tied-to-nazis-cia-mexican-drug-lords/#sthash.6QmURU2y.dpuf

      “The Panama Papers, which relied heavily on the leaked information from Mossack Fonseca law firm, may not just be about State actors and corporate players’ secret offshore shell companies, physical assets and bank accounts, but more about getting back at people who have turned their backs on the New World Order totalitarian regime which took decades of planning, mass murder, regime changes, false flags, and sustained environmental destruction, to construct.

      The Panama Papers look more like a Rothschild dynasty’s exercising the Samson Option. But, it’s still good to know that they are now after each other’s throat.

      It turns out that the Mossack Fonseca law firm is a handy work of the Khazarian Mafia to draw in State leaders and companies purposely to create a bargaining chip on all of them for later use. Blackmailing is a tried and tested method of controlling leaderships everywhere.”

  23. Kiwis need to wake and start avoiding biased websites like Stuff.co.nz, looking on their website I can’t find a mention about this anywhere, even though it’s big news elsewhere.

  24. You write @ Martyn Bradbury;
    ” There has been something deeply rotten about NZ since Key came to power.”

    Well, in my view, there was something deeply rotten about NZ long ago. Yankee doodle psycho jonky-stien’s just another parasite to come along to wriggle into it’s stinking, dying carcass.

    The rot set in back in 1882 when the SS Dunedin sailed to the UK with frozen meat. NZ’s been labouring with a disease of its economy ever since.

    As I’ve said, Jonky’s just another crook devoid of a conscience which enables him to plunder our wealth while getting high on the power of it.

    Our entire Being as a country is warped by that swindle and I’ve yet to see that concept properly addressed here, or anywhere else.

    Billions of Kiwi dollars are missing. Billions and billions of Kiwi dollars have been spirited away out of our economy but not in a manner you might imagine. It was done terribly politely. By acts of parliament, by changes to company laws, by banking systems and by the tax department, corrupted by its very ministers.
    And those Ministers? Of higher learning and of higher privilege. Well connected Old families sitting around the hookers and cocktails while their all bought and paid for lawyers and accountants do their dirty bidding.

  25. You don’t need Cayman Islands bank accounts anymore, you just go to New Zealand.
    As long as the sleepy hobbits continue to get their crumbs off the pie crust they won’t object.

  26. We don’t have any of these corruption watchdog agencies do we?

    Key is donkey deep into this tax avoidance already we found several years ago when Labour un-covered Key was hiding Tranzrail shares recall?

    http://www.scoop.co.nz/stories/PA0807/S00108.htm

    John Key misleads public over shares sale
    Friday, 4 July 2008, 10:05 am
    Press Release: New Zealand Government

    Hon Dr Michael Cullen
    Minister of Finance

    3 July 2008 Media Statement

    John Key misleads public over shares sale

    John Key must explain why he claimed yesterday to have not commented on Tranz Rail as a Member of Parliament while he was a shareholder in the company when it has been revealed he did just that, Finance Minister Michael Cullen said today.

    Yesterday John Key denied that comments he made on 18 June 2003 about Tranz Rail represented a conflict of interest because he had sold his shares ‘earlier in the year’.

    He said yesterday that he had sold the shares before he began commenting on the issue to avoid any appearance of conflict of interest.”

    So now it is clear; Key does not want any of this to be looking at his and his mates tax dodging.

    WHY IS KEY NOR HIS LAME DUCK GOVEROR GENERAL not doing WHAT AUSTRALIA IS DOING ABOUT THIS RIGHT NOW?

    Australia has a real police enquiry.
    Australia has a real tax office.
    A Crime Commission
    Other agencies, investigating the tax dodgers.
    And some cases may be referred to the Serious Financial Crime Taskforce.

    “The Australian Tax Office (ATO) is investigating more than 800 individual taxpayers, all residents of Australia.

    They have been identified as high net wealth clients of a law firm in Panama.

    The investigation follows a leak of 11m documents from the database of law firm Mossack Fonseca, revealing how wealthy and powerful people hide their wealth.

    The ATO says in a statement it has managed to link more than 120 of the individuals to an “associate offshore service provider” located in Hong Kong.

    The tax body did not disclose the name of the company in Hong Kong.

    The ATO is working closely with the Australian Federal Police, Australian Crime Commission and other agencies, and said some cases may be referred to the Serious Financial Crime Taskforce.

    • John key has always been an insider trader, that’s how currency traders like him make their wealth. Being an MP and then PM never stopped that. It only made it a lot easier. John key would see it as an added perk of the job.

  27. Always thought going to Malta and being so ,cls ose to their PM was strange, thought then must be dodgy

    Key aND his cronies are not interested in the people that make up our community it is money, money an more. Keep their friends happy to ensure their next vote
    Supermarkets, sugar producers people selling NZ water which they have taken, fizzy merchants, Alki pop sellers, herbal high sellers, real estate agents, people taking our kauri a d now a tax ha e for the rich and famous
    Oh how he must be laughing at how silly we all were, that is why he is the Tourism Minister, he can invite his friends to visit

  28. THIS IS BIG, AND KEY AND OTHER NATZ MAY BE IMPLICATED NOW, EVEN COLLINS?

    OPPOSITION NEED TO EXPOSE KEY AS HE FAILED TO DISCLOSED TAX WHEN HE WAS FOUND OUT BY LABOUR TO HAVE HIDDEN TRANZRAIL SHARES IN HAS TRUST REMEMBER, SO HE IS ALREADY STUFFED.
    GO LABOUR NZ FIRST, GREENS. GET THE NATZ WHILE NAUSSIE IS GETTING INVOVED IT SEEMS.

    http://geopolitics.co/2016/04/04/panama-papers-mossack-fonseca-tied-to-nazis-cia-mexican-drug-lords/#sthash.h1PKIMDY.dpuf

    “The Panama Papers, which relied heavily on the leaked information from Mossack Fonseca law firm, may not just be about State actors and corporate players’ secret offshore shell companies, physical assets and bank accounts, but more about getting back at people who have turned their backs on the New World Order totalitarian regime which took decades of planning, mass murder, regime changes, false flags, and sustained environmental destruction, to construct.

    The Panama Papers look more like a Rothchild dynasty’s exercising the Samson Option. But, it’s still good to know that they are now after each other’s throat.

    It turns out that the Mossack Fonseca law firm is a handy work of the Khazarian Mafia to draw in State leaders and companies purposely to create a bargaining chip on all of them for later use. Blackmailing is a tried and tested method of controlling leaderships everywhere.”

  29. I like this guys words;
    “German Economy Minister Sigmar Gabriel questioned the morals of the financial world. “The greed of the super-rich is connected to the lack of conscience in the banking and financial sector. Both damage the trust in the rule of law. We should not tolerate the fact that one section of society works hard and sticks to the rules while another section cheats society,” he said.’

    But I feel all of a sudden Chinese. they’re sensors had managed to keep this out of MSM almost as effectively than ours.

  30. OPPOSITION MUST NOW RAM HOME THIS GOVERNMENT AS THE WORST CORRUPT GOVERNMENT WE HAVE EVER HAD MARTYNM!!!!!

    KEY IS DRAGGING US DOWN TO A NEW LOW AND NOW IN THE GUTTER WITH THE MONEY TRADER CUM SPIN DOCTOR.

    SO WHAT WERE WQE REALLY EXPECTING TO HAPPEN WHEN THE COUNTRY VOTES THIS CROOKED TRADER INTO GOVERNMENT????

  31. Seems it was the Clark government that set up this arrangement for offshore trusts.

    But hey, don’t let the facts get in the way of your foaming at the mouth insanity.

    • You wouldnt know facts if you fell over them. Remember Peter Dunne in the news a few years back defending John key’s “legitimate tax avoidance”?

      Just call John key and his National government a criminal regime that exploits loopholes for itself and their criminal mates. NZ’s once proud reputation lies in tatters, took John key just 7 and half years to destroy it. John key should resign.

    • @ Andrew – the Clark government has been out of office since late 2008. Since that time, this government has had plenty of time to tighten up offshore trust laws. So why hasn’t it done so, particularly as in 2013 the IRD advised that it should be addressed? In usual form, FJK ignored the advise.

      FJK kept chirping on in Parliament about the previous Labour government in 2002 setting up the current arrangement at every question he was asked on the issue. Indicating a weak and irresponsible PM, who is not prepared to work in the best interests of NZers, preferring instead to increase the profits of his dodgy 1% cronies, here and overseas!

    • Have a look at Chapman Tripp’s advert from 2011, when the govt pushed through changes to this law, which made it much easier to set up one of these trusts.
      The other part of this which you don’t address is the fact that times have really changed since 1988 when Roger Traitor Douglas made this law and the wealth of those using these trusts has grown out of proportion so they need to dodge tax however they can. Something I find nauseating.

    • Andrew, is there anything you won’t blame Labour for? And when do you rightytighties start taking RESPONSIBILITY for your own actions???

    • “Well, at the end of the day the average New Zealander isn’t really bothered about corruption, lies, inequity, fascism, surveillance, increasing debt or environmental meltdown, and I feel quite comfortable that the country is on the right track.”

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