The Dim-Post

May 9, 2016

Keep it simple

Filed under: Uncategorized — danylmc @ 2:50 pm

Via RNZ:

A Labour government would ban foreign trusts from operating in New Zealand if they are found to be of no value, Labour leader Andrew Little says.

That sounds excessive. Why not just tax them at the same rate we tax domestic trusts? That way all of those offshore trustees who, we’re assured by the industry, are using our trust system for totally legitimate reasons that have nothing to do with tax avoidance can continue to do so. Everyone wins!

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