Dodgy foreign trusts – will English take action?
Matt Nippert continued his excellent work on foreign trusts yesterday in The Herald. Will Bill English clean up the mess that John Key was determined to ignore?
Matt Nippert continued his excellent work on foreign trusts yesterday in The Herald. Will Bill English clean up the mess that John Key was determined to ignore?
The Nats are backsliding on implementing the law changes brought on by the Panama Papers revelations. If European regulators blacklist us the consequences will be catastrophic.
Having ignored the IRD and other advice, having insulted calls for transparency as “barking mad”, today the Nats’ U-turn on disclosure for foreign trusts is complete.
April Key said our foreign trusts had full disclosure and proposals to increase transparency were “barking mad”. June Key is going to implement “sensible and well-reasoned” proposals to increase disclosure and transparency.