TAX HAVEN MAVEN
I was appalled to see John Key’s response in the form of a shrug when challenged on New Zealand being used as a tax haven by the mega-rich and multinationals to hide their wealth, launder money and avoid paying their fair share of tax.
Instead of shrugging I believe John should immediately be doing at least three things: Stop New Zealand being used as a tax haven; stop multinationals dodging the tax they owe here; urgently launch a full Parliamentary inquiry into tax dodging in New Zealand.
The Tax Justice Network has also estimated that New Zealand could be missing out on up to $7 billion a year as a result of big multinational corporations exploiting our weak tax laws to shift the profits they make in New Zealand offshore and avoid paying their fair share of tax here
The government is so far refusing to act to stop this. It appears that John is doing his best to protect the mega-rich. I say that together, we the people, can force him to take action on tax dodging. Come on, let’s make John Key do more than just shrug.
Dion Martin Palmerston North