So NZ isn’t a tax haven huh? John Key tells us we aren’t a tax haven and he has nothing to do with building it (despite Key changing the laws in 2010 and actively attempting to promote NZ as the Switzerland of the South Pacific).
So no tax haven as far as John and his rich mates are concerned.
And here comes the deluge.
Israeli’s using NZ to buy drones, Rich South American criminals moving money through us, Mossack Fonsecca trading on our reputation to pitch to clients – the deluge of new information is smashing against Key’s claim we are not a tax haven with the power of a tsunami hitting a sand castle.
Look at the growth in Trusts under National
In terms of affordable housing, It looks like Tax Haven’s are the only things John Key can build in NZ
A new report suggests globally $18 Trillion is being syphoned off into tax havens. This is why democracy’s can’t have ‘nice’ things, rich elites simply don’t pay tax.
Key is going to have a difficult day pretending he hasn’t built a tax haven. He’ll cry it’s all legal, but is it moral, and on that question our $200m John Key has no answer.
This reflects poorly upon us, surely an over inflated property portfolio isn’t worth being known as a nation of crooks?
Labour is right – we need to ban these trusts now.