Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Statement on Paradise Papers

Statement on Paradise Papers

06 NOVEMBER 2017


Inland Revenue is aware of the release of papers related to the Bermudan law firm Appleby and is working closely with relevant agencies and our international treaty partners.

International Revenue Strategy Manager John Nash says we are interested in hearing from any New Zealand taxpayer with exposure to Appleby.

“We have a strong focus on international tax compliance by New Zealand taxpayers. It would be prudent for anyone involved to come forward and explain their position to us so we can assess whether the correct amount of tax has been applied.

“We will examine any intelligence we receive about New Zealand taxpayers and check whether it aligns with their previous tax return positions and disclosures.”

The Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC), of which New Zealand is a member, is already responding to the Appleby data using the same methods it applied last year to assess the information from the Panama Papers.

Mr Nash says there’s a great deal of experience within that forum to respond to such data releases in a fast, effective and coordinated way.

“JITSIC allows us to share intelligence and pool resources to quickly develop a more accurate picture of what the data is telling us than we would be able to achieve on our own.”

Tax secrecy rules prevent Inland Revenue from publicly discussing the affairs of any taxpayer revealed in the data.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Space: They Landed Robots On An Asteroid

On September 21, the small compact MINERVA-II1 rovers separated from the Hayabusa2 spacecraft... both rovers landed on the surface of asteroid Ryugu. The two rovers are in good condition and are transmitting images and data. More>>

RNZ: Court Of Appeal Rejects NZME-Stuff Merger

The Court of Appeal has turned down the proposed merger between media companies NZME and Stuff... The Commerce Commission had turned down the merger because of concerns about concentrating too much commercial and editorial power in one organisation. More>>

ALSO:

Cut Before Using: Australian Strawberries Withdrawn

Needles were found in a punnet of strawberries sourced from Western Australia, which was bought in a Countdown supermarket in Auckland. The Choice brand of strawberries was sold nationwide last week. More>>

ALSO:

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark… More>>

ALSO: