
Faceless giants slip under the radar
Some of this country's biggest revenue generators are foreign-owned companies you may never have heard of.
Some of this country's biggest revenue generators are foreign-owned companies you may never have heard of.
Government announcements on pay-as-you-go rules and greater IRD disclosure powers welcomed by experts.
Trade Minister Todd McClay says the Government is assessing the implications of recent regulatory changes in China's cross border e-commerce market.
John Shewan, the Government appointed expert in charge of reviewing our tax regime, advised the Bahamas on exempting taxes.
New tax rules might be more convenient for small business, but IRD is getting new powers to share tax details with others.
Prime Minister John Key has made an embarrassing disclosure of a link to a company specialising in foreign trusts.
A Kiwi family with two children on a single income pays the least amount of income tax in the OECD.
COMMENT: Companies with operations in multiple jurisdictions will seek to maximise their opportunities to reduce their tax bill.
COMMENT: John Key has now ordered a tax expert to look into the trusts here, presumably to reassure us that there's not one rule for the rich and another for PAYE plodders, writes Barry Soper.
COMMENT: Switzerland has attracted foreign capital to its banking system offering a mixture of secrecy, preferential tax treatment and creative corporate structures.
John Key says independent review of foreign trusts likely to go ahead but he has no intention of releasing his tax records.
New Zealand-based investors are selling out of Diligent Corp before the company is acquired by venture capital firm Insight Venture Partners.
The resignation of Iceland's PM adds to a series of unfortunate events, seeing Iceland fall both in and out of favour.
COMMENT: The fact that so many of the people wrapped up in the Panama Papers are in government shows there's no political will to change the situation, writes Raybon Kan.
The law change will mean paying more to watch content on Netflix.
A businessman with close links to the Mexican President set up a series of shell companies in New Zealand.
Inland Revenue is trying to get information on New Zealanders who have dealt with Panamanian law firm Mossack Fonseca.
A New Zealander has been named as a director for thousands of shell companies revealed in the Panama Papers as being used to avoid tax by wealthy clients.
COMMENT: The fact that New Zealand's trust regime is caught up in the midst of it all will be a surprise to many Kiwis.
The Panama Papers leak has revealed how the rich and powerful have hidden their billions.
COMMENT: John Key on trusts sounds a bit like a cracked record.
To make trusts more transparent and accountable ought not compromise the ease and speed of company registrations in this country.
The naming of NZ as a tax haven which allows foreign investors to hide their income in secretive trusts will not force the Government to change any tax rules, John Key says.
From soccer stars to Saudi kings, some of the wealthiest people in the world have been exposed by massive leak of tax papers.
Huge leak of 11.5 million documents from a Panama law firm shows associates of Russian President have moved as much as US$2 billion through offshore accounts.
Inland Revenue's grab at Trade Me members' personal data netted it just $3 million in fresh taxes.
Executive incentive schemes aim to boost company performance. But is it too easy for top bosses to get a reward?