The Panama Papers and foreign trusts: what should be done?

Authors

  • John Prebble

DOI:

https://doi.org/10.26686/pq.v12i3.4602

Keywords:

International Consortium of Investigative Journalists (ICIJ), law firm Mossack Fonseca, ‘foreign trusts’, Income Tax Act, New Zealand-source income, evade income tax, Discretionary trusts, international tax system

Abstract

On 3 April 2016 the International Consortium of Investigative Journalists (ICIJ) and the German newspaper Süddeutsche Zeitung announced that for the past year they had been analysing a cache of 11.5 million records, now known as the Panama Papers, taken from the Panamanian law firm Mossack Fonseca. The cache included documents relating to trusts and companies in several tax havens. The ICIJ gave details of a number of users or beneficial owners of these structures. Sixty thousand of the records related to New Zealand.

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Policy Quarterly volume 12 issue 3 2016

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Published

2016-08-01

Issue

Vol. 12 No. 3 (2016): Policy Quarterly

Section

Articles

License

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