Keys personal SIS man / agent / monkey caught photographing an off-shore
trustee handing over millions to a Secret trust fund set up here in New Zealand
by a covert wing of the [unnamed] blind trust account number two, titled ‘JKPM’
This
[mythical?] behaviour is happening on a daily basis according to some overseas
sources…
It would
appear that Tax Havens are amongst the biggest investors in overseas companies
that invest in New Zealand…Key naturally denies that we are a Tax haven…but
Gerard Ryle put paid to Key’s stupid pleas of innocence and ignorance.
ICIJ director
Gerard Ryle told Morning
Report that New Zealand was a tax haven and a front for people who wanted
to hide their money.
"We've
been looking at this whole issue of tax havens for a number of years, and it's
well known among people who know these things that New Zealand is a really soft
touch. it's very easy to set up companies, it's a first world country, so
people don't think of bad things happening in New Zealand, so it's a very nice
front for criminals."
He said
Mossack Fonseca was active in this country, and that claims from government
ministers that New Zealand was not a tax haven were "rubbish".
"The
bottom line is, it's a very easy jurisdiction to operate in, and it's very
secretive. I think the only good thing about the companies register there is
that it's free to search, so as a journalist you can go in and search for free,
unlike Australia, for instance, where you've got to pay a lot of money to
follow the trail." Listen to the interview with Gerard Ryle at:
http://www.radionz.co.nz/national/programmes/morningreport/audio/201796260/nz-a-very-nice-front-for-criminals-panama-papers-journalist
Why would
these companies invest in NZ unless it was to make use of our lax laws
regarding taxation? Well CAFCA, the ‘Campaign
against Foreign Control of Aotearoa’ has been looking at the role that tax
havens are playing in the takeover of NZ companies. Their findings will shock
and amaze most honest and tax-paying New Zealand citizens who believe in
honesty and fair play in the market place. Why would Tax Havens invest in New
Zealand if it wasn’t to protect their customers from taxation etc?
Key knows
these tax haven operators after all he was once a key player in the financial
market place manipulation industry, it’s how he made his millions and secretly
he is proud of his manipulative role in that murky shady neoliberal takeover
that is now collapsing all around the globe.
You may have
noticed that Key seems to have disappeared from the earth once the Panama papers
made the headlines…I suppose it was just an accident that the changes to the
Child Youth and Family operation appeared in an attempt to transfer the public's thoughts
from crooked money men to badly treated children…
TAX HAVENS
AMONG BIGGEST FOREIGN OWNERS OF NZ
Chief Reporter
The Panama
Papers have shone a most welcome (and long overdue) light into the murky world
of tax havens, offshore trusts and shell companies. It is worth noting that two
notorious tax havens – the British
Virgin Island and the Cayman
Islands – are among the top foreign owners of New Zealand companies. In
both cases, they rank ahead of China, just to put it into perspective.
So who are
the actual owners? They, of course, remain hidden or even “confidential”,
because that is the purpose of tax havens. Who knows what dirty money and ill-gotten
gains, and from whom and from where, might be coming into New Zealand via these
tax havens. But does the Government care? Of course not, because it is “foreign
investment”, which must, by definition, be a good thing.
Don’t ask,
don’t tell.
Here is the
relevant extract from CAFCA’s newly updated Key Facts. Statistics NZ figures,
as of March 2015, list the biggest foreign owners of New Zealand companies as
being from, in decreasing order: Australia, US, Hong Kong, UK, Singapore,
Japan, Canada, Netherlands, British Virgin Islands, Ireland, Cayman
Islands, China, Switzerland, Norway and France.
All had over
$160m in foreign direct investment in New Zealand. These accounted for 96% of
foreign direct investment in New Zealand and Australia alone accounts for 52%. British
Virgin Islands and Cayman Islands are tax havens, and a Statistics New
Zealand study showed that in 2010, large proportions of the foreign direct
investment from the Netherlands, Singapore, Hong Kong and tax havens was
in fact from other countries, led by the UK, US, Germany and Canada.
In 2015, Other
tax havens with investments in New Zealand companies include Vanuatu, Channel Islands, Liechtenstein,
Bermuda and the Bahamas, but for all except Bermuda, the value of
their holdings has been suppressed as “confidential”. [Bermuda
has shown a negative investment in New Zealand companies since 2009
(negative $1.8 billion in 2015). So has Germany since 2013. Negative investment
suggests that the companies may have been loaded with debt to their parents or
are technically insolvent].
The
full Key Facts complete with sources (meticulously researched and compiled by
CAFCA’s Bill Rosenberg), can be read at http://canterbury.cyberplace.co.nz/community/CAFCA/key-facts.html
They can also
be viewed there as a striking set of graphs, as both a PDF and Powerpoint.
Murray Horton
Secretary/Organiser CAFCA
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