: :inin Kyiv (EET)

Panama Papers: New Zealand prime place for channeling funds, alleges report


New Zealand’s Prime Minister John Key dismissed concerns that international tax avoidance was rife in New Zealand. (File)
New Zealand is at the heart of a tangled web of shelf companies and trusts that are being used by wealthy Latin Americans to channel funds around the world, according to a report on Monday based on leaks of the so-called Panama Papers.
Local media has analysed more than 61,000 documents relating to New Zealand that are part of the massive leak of offshore data from Mossack Fonseca, a Panama-based law firm. The papers have shone spotlight on how the world’s rich take advantage …read more

Source: The Indian Express

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