Our PM and Tax Minister have both said there’s full disclosure in our foreign trust regime.
I think full disclosure means zero disclosure.
My impression is that the only disclosure required is the name of the NZ puppet (who I’ll call ‘the stooge’) who agrees to play the role of trustee.
The NZ Government doesn’t want to know what assets (I’ll call it ‘loot’) are vested in the trust – who the beneficiary is of the trust – or the identity of the person (according to me the ‘criminal’) who transferred those assets to the trust.
This information exists – written in the trust deed – but this document is secret and untouchable within the the office of the lawyer (my technical description the ‘scammer’) who set up the foreign trust (‘scam’).
It seems to me it doesn’t matter if the loot is containerloads of cash dripping in blood from the exit wounds of your competing drug cartel or an arms deal that would be illegal if anyone found out or if the money comes from the treasury of that country of which you are president – the New Zealand Government won’t embarrass you with questions.
Apparently none of these details are our business.
After all it’s not like anyone’s accusing you of infringing Hollywood copyright.