• Don Brash on foreign trusts

    From Rich80105@3:770/3 to All on Monday, May 09, 2016 15:22:52
    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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    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From Pooh@3:770/3 to rich80105@hotmail.com on Tuesday, May 10, 2016 17:52:42
    "Rich80105" <rich80105@hotmail.com> wrote in message news:ai00jb19v2qhi6i176pltl80jjagu6kbmg@4ax.com...
    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."

    So we can expect Brash to be selected as leader of the Labour party can we Rich? He certainly sounds silly enough to be one.

    Pooh

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    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)