Key and the National Party have fed Kim Dotcom to the FBI wolves for his alleged sins. Key and the National Party (and probably other parties) have been complicit in tax evasion for the 1%ers and money-launderers as outlined in the Panama Papers.

The USA led the indignation and hunting out of FIFA corruption where bribes and money were paid to individuals and groups to buy political favours. Lobbyists in the US do exactly the same to politicians and political parties, but the US turns a bind eye to their own backyard.

“Bank of America, Western Union, and JP Morgan, are among the institutions allegedly involved in the drug trade. Meanwhile, HSBC has admitted its laundering role, and evaded criminal prosecution by paying a fine of almost $2 billion. The lack of imprisonment of any bankers involved is indicative of the hypocritical nature of the drug war; an individual selling a few grams of drugs can face decades in prison, while a group of people that tacitly allow — and profit from — the trade of tons, escape incarceration.” http://www.huffingtonpost.com/avinash…/banks-cartel-money-laundering_b_4619464.html

“Oh what a tangled web we weave, when first we practice to deceive” – Sir Walter Scott (Marmion, 1808)

Ae, as I've been trying to tell people for decades, "New Zealand" is not a country, it's a colonial occupation on behalf the British Crown, whose administrative umbrella includes Aotearoa, Rēkohu, the Cook Islands, Niue, Tokelau, and the Ross Dependency in Antarctica.

Thank you, you’re right on the button there. Our media is useless.

In case your fanatical right wing fetish for Key causes your myopia to discard common facts available to the public… I’ll repeat this just for you.

Enjoy.

http://www.huffingtonpost.com/avinash…/banks-cartel-money-laundering_b_4619464.html

And perhaps a further article to wrap this whole thing up in case anyone is in any doubt here ….

http://www.huffingtonpost.com/avinash…/banks-cartel-money-laundering_b_4619464.html

It seems very suspicious that this ‘ summit ‘ held in the UK… with Judith Collins attending… is held at this time…

And while some political heads might roll as well as criminal empires….doesn’t it strike you as all so convenient that if there was a new crackdown on all these tax havens … and with the repatriation of massive amounts of the worlds cash being recirculated ….

That it wouldn’t cause unprecedented inflation through commodity price re – fixing ?

And that it wouldn’t cause a massive run on banks , foreclosures of assets and business loans and mortgages reaching unprecedented interest rates?

And that global wealth would be repatriated back into the hands of the global banking elite , – which would ensure that the same situation that the Rothschild’s precipitated earlier in the 20th century – that of buying up assets and monopolizing business and controlling govt’s through loans and printing more money to cover those loans ( with interest on every dollar printed ) – before and after the 1930’s Great Depression,…

It wouldn’t happen overnight but over several years, .. then … all that would be needed was a series of incidents… ( middle east again , for instance with oil shocks? ) to tip this whole game end over.

We just might find the answer to this in the City of London… that 1 square mile of the worlds financial hub contained in the actual greater city of London …..

Stay tuned….

Or if your still confused about how it all works…

Watch your kids playing a game of Monopoly to see it in action…

‘ Verily…. from the mouth of babes ‘….

The problem with your line of reasoning is that it precludes certain categories of illegitimate use of trusts. People do not have a problem with minimizing the amount of tax they are legally required to pay- that is just good sense. Money laundering and tax evasion, on the other hand , are a totally different issue altogether.

This is where the public have a problem with NZ’s current foreign trusts.

1) Because of the lack of disclosure currently in place in NZ , – the door is wide open to abuse. The ability of child porn rings , human trafficking in slave work , use by narcotics cartels , and profits from illegal arms dealings as well as corporate back room / insider trading with govt’s .

The disclosure forms from trustee’s required currently to IRD are woefully scant.

2) Compounding this , …

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‘ New Zealand tax law allows a foreign person who is not living in New Zealand to settle property on a trust, for the benefit of foreign persons who are not living in New Zealand at all, and at the same time, have a trustee here in New Zealand. But the settlor is overseas, and the beneficiaries are overseas, so the trust doesn’t get taxed here, at all.

That all seems fairly innocuous, provided that the trust gets taxed somewhere. But other countries don’t have the same rules as us. Many other countries tax trusts on the basis of where the trustee lives. If the trustee lives in your country, then you tax the trust, but if the trustee lives overseas, then they don’t tax it.’

The Standard : Deborah Russel – ‘ Whats going on with foreign trusts ?’ [ you will find this article near the main article on : ‘Fixing the tax haven – Whats the downside ‘ ] .
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In other words , an individual or corporate operating in illegal trade can park their cash here, – then using several major offshore banks either launder that money – OR – declare that tax has already been paid in NZ and then have the cash deposited in a bank in their home country . This has already happened in the case of a particular French businessman who had a foreign trust here.

And this because of the fact that currently there is a zero tax requirement for foreign trusts in NZ . So effectively these beneficiaries pay no tax either here or in their homeland.

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As a side note , – the amount of interest alone can amount to a small fortune – as NZ is the first globally to start the new business day because of time zones. So parking cash here then shooting it off at certain times garners more interest.

I’m sure most New Zealanders including yourself would balk and feel a deep sense of shame if some of these foreign trusts were being enabled either now or in the future of using this country to launder the proceeds of child porn rings or human trafficking .

And that because of the lack of disclosure – that Interpol and the NZ Police were then hampered in being able to chase the settlor’s or the beneficiaries of these trusts and press charges, freeze assets and cash and successfully have these criminals prosecuted.
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Now … it is on record that an agreement was made between Key and chief executives of the Bank of America – that if what amounts to ‘zero taxation ‘ was put in place for foreign trusts in NZ, the Bank of America would inject 2.5 billion dollars in funding .
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And we also know the Bank of America was prosecuted for money laundering not so long ago. One can only assume the financial gains for that bank by servicing these trusts from dubious offshore entity’s was indeed a lucrative industry for them.

And so in summary , we have a situation for not only the capacity of entities never having to pay a cent in taxation anywhere that money lands , but also the very real situation of criminal elements subverting local and international laws and thus prosecution because of the structure of NZ foreign trust laws.

All this while Judith Collins attends a summit in the UK concerned with global corruption – in which it is being found that this govt is dragging its feet in applying a consensus among those country’s attending. One can only assume this govt is trying to dampen concerns locally whilst biding time to quietly do what it should have done years ago.

Enact policy’s that closed the loopholes for criminal activity and those individuals and corporate’s who deliberately broke faith with the social and international contractual obligations of paying a realistic and fair share of the tax burden.

We’re already seeing the first inkling of this in the Auckland property market as our kids are locked out of home ownership.

The really frightening thing is that so many New Zealanders can’t see what is happening in their pursuit for tax-free capital gains.

These greedy grubby leeches, will be swallowed up in the cavity of the impending massive Global economic crash they helped to bring.

http://www.prepperfortress.com/finance-experts-warn-economic-meltdown-2016-global-financial-collapse-is-imminent/