It doesn’t matter to me whether you’re Amazon, Google or Starbucks, you have a duty to put something back, you have a debt to your fellow citizens, you have a responsibility to pay your taxes. So as Prime Minister, I will crack down on individual and corporate tax avoidance and evasion.
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NZ is far from alone in having problems in the shadowy world of offshore finance. But the country, partly due to having a cheap and simple companies registration system, and being an easy place to do business, coupled with an international reputation for being among the least corrupt nations around, has proven ripe for exploitation.
And Swiss cheese style regulatory holes don’t help. For example, NZ foreign trusts. In a great example of the law of unintended consequences, when set up just right, NZ foreign trusts can escape tax everywhere.
The aircraft was forced down while travelling over Thai airspace. When investigated in Bangkok it was found to contain 35 tonnes of North Korean weaponry including rocket-propelled grenades, missile and rocket launchers, missile tubes, surface to air missile launchers, spare parts and other heavy weapons to an estimated value of US$18 million. In the extensive publicity of the incident that followed there was considerable focus on the fact that the lessee of the plane was a New Zealand registered shell company [SP Trading].
Middle Ages in Greece: More than 120,000 employees get paid less than 100 euros per month! failed evolution
"My big tip to people planning to use myTax is to hold off until August. By this time, we will have received most of the data we need from employers, banks, government agencies and other third parties to pre-fill tax returns," ATO assistant commissioner Graham Whyte said in a recent media statement. Pre-filling not only saves you time, it's also likely to result in faster processing Why the tax office doesn't want you to use myTax to submit your return yet
Akin, O, Marin, J and Peydró, J-L. 2016. “Anticipating the Financial Crisis: Evidence from Insider Trading in Banks”. London, Centre for Economic Policy Research DP 11302.