Legitimate Tax Avoidance – Ngai Tahu

The political left are harping on about Peter Dunne’s call of “legitimate tax avoidance” so I have found an example for them.

Most of Ngai Tahu’s operations are through a charitable trust structure. ?Charities are legitimate tax avoidance tools. ?If you are a rich prick you are of course accused of “evading tax” but if you are a rich Maori tribe you are considered well within your rights to set up as charitable even though you do not distribute much of your fortune at all to any beneficiaries other than the brotocracy.

Note the 17.5% rate so the company acts as a look through for income in the hands of its low earning recipients. ?A bit like income handed to beneficiaries of any normal trust.

Ngai Tahu kaiwhakahaere (chair) Mark Solomon says: ?Te Runanga o Ngai Tahu adhere strictly, at all times, to the law governing charitable entities.

?The Ngai Tahu Charitable Trust has an annual process where all our expenditure and operations are assessed to ensure they are ?charitable?. Tax is paid on any expenditure or operations that are not charitable.?

Didn’t hear Guyon Espiner call this legitimate tax avoidance immoral?

 

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