There has been a lot of fuss over trusts that have been set up in New Zealand by those who are trying to avoid paying taxes in their own country, or just hiding money.
The media has stated several times on national television that NZ could be seen by other countries as having become a tax haven.
My question is if overseas people are doing this here, then what is New Zealand's wealthy doing with their money? Are they setting up trusts overseas to avoid paying taxes here?
My next question is, if our Prime Minister John Key thinks this is okay and he needs to do nothing about it, then I say he agrees with people avoiding to pay taxes through trusts, and any other method, accountants and criminals can think of.
The tax system seems to me needs a serious overhaul to make it fair for all. Small business and workers alike are been ripped off by the wealthy and criminals, and what's worse is the whole country is being undermined by the greedy who avoiding to pay their fair share and by those who help and allow it to happen.
The Government's Finance Minister Bill English said no tax cuts this year, seems obvious why. Let those that cheat prosper while the rest of us suffer policy. Good one John and Bill.
R Stewart, Te Puke.