So Secret Australia Gets A Special Box

Another myth from Guyon Espiner’s hack job on the offshore industry from Sunday’s 60 Minutes  is that Australia is screaming at New Zealand over  its Foreign Trust law.  A New Zealand accountant at a Big Four firm sent this to me.

Discussing Australia is a complete red herring as the declaration form requires agents to tick a box if the settlor is Australian. Peter Dunne should have said that. Here is the IRD reference IR607.  You would have to be a wee bit thick to think the IRD computer did not spit that straight away to the ATO at the tick of a box 3.  Espiner conveniently overlooked this.  

 


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