Prime Minister John Key says he has no tax secrets to hide and has never used tax-sheltering vehicles – but he has no intention of releasing his tax records.
His comments came amid the international furore over the leaked Panama Papers and a move by British Prime Minister Prime Minister David Cameron to release six years of his tax records.
‘We have very strong rules in New Zealand around pecuniary interest.
I’m quite comfortable and very confident of my tax records.
I use the best people and I don’t use tax sheltering vehicles.
I have never used those and I don’t use those’ Key said.
But despite his assertion of ‘strong rules’ Parliament’s register of pecuniary interests gives little details of his wealth –
– estimated in the past by some media at up to $50 million.
(ed:..somehow i don’t think key is going to be able to continue to stonewall indefinitely on this one..
..the pressure for disclosure from key is just going to grow and grow..
..the public-mood will demand key prove he has nothing to hide..
..and this could well be a trigger that will eventually see him resign..and flounce off to hawaii..)