The problem of tax havens has worsened each year with more and more countries making relatively small sums of money protecting enormous sums from taxation in their home nations. It is hardcore unethical both for the nations doing it and for the people and corporations taking advantage of it.
The author here worries whether or not New Zealand will choose the ethical or the profitable path. It’s a good article.
By the way, I have read several entries from this blog. I am impressed and I added the site to my favorites.
James Pilant
15 April 2011 Is New Zealand a tax haven? By opposing the conversion of the United Nations Tax Committee into a specialist enforcement body, New Zealand is seen as a supporter of tax havens and those who move illicit funds into such jurisdictions. Nicholas Shaxson, a campaigner and author of books about tax avoidance claims New Zealand is “letting down the developed world” and within a few years will join rogue nations listed on the Financial … Read More
