From: http://thestandard.org.nz/the-link-between-tax-havens-criminals-and-the-amoral-rich/
Former Reserve Bank Governor who is also a former National Party and
Act Party leader, Don Brash, told The Standard, "if we were setting up
a system that allows people to evade tax, that would be wrong."
"The Panama Papers issue is either illegal, or verging on illegal,
it's tax evasion, rather than tax avoidance," Brash said.
"It seems to me that people involved in Panama structures are almost certainly trying to evade tax and I think that's entirely
reprehensible."
Brash said everyone has to pay their fair share of tax. "I myself
would never attempt to hide anything in a tax haven. There is an
ethical question."
"If we do have a tax haven here, I'd be very unhappy. What's going on
in Panama seems entirely inappropriate, if not criminal. If that's
what's happening, and New Zealanders are playing a substantive part in
that, then that's reprehensible. "
Brash, who has previously chaired four national committees of inquiry
into tax matters said that if the zero tax regime for foreigners was
doing damage to New Zealand's reputation, "it isn't worth 25 million
bucks. But I don't know how much damage it is doing."
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