Media have had to go back 10 years, but they finally found a way to blame Key for the Panama Papers

Prime Minister John Key is not shying away from comments he made before he became Prime Minister that he wanted New Zealand to be more like a British dependency, well-known as a tax haven, in order to grow the economy.

In 2005, while an opposition MP, Mr Key told the New Zealand Herald he wanted New Zealand to become the “Jersey of the South Pacific”, to encourage the growth of an offshore banking industry.

Mr Key continues to defend New Zealand against accusations it is acting as a tax haven for some of the world’s wealthy, following the massive dump of documents about the business of Panamanian law firm

New Zealand-based foreign trusts have been caught up in the data leak exposing the firm’s role in providing financial anonymity to the world’s rich.

Mr Key was asked whether, in light of the publicity as a result of the Panama papers, he stood by his comments.

He does.

And why not?  Even when John Key sees benefit in using the financial industry as an export dollar earner for the taxpayers, that doesn’t actually make his wish for such financial devices a reality. 

New Zealand’s current international tax laws are wholy unremarkable in the context of other similar countries.

The only reason the left and the Media Party are harping on about it is because they want to sheet this home to John Key who hasn’t been responsible in some way.

No matter that the legislation was reviewed twice by Labour during their last stint in charge, and they are now saying those laws aren’t good enough.

But hey, they found a sound bite from Key in 2005 when he said he saw potential in making New Zealand a place that makes money out of offering financial devices.  Apparently making money and getting taxes from overseas wealth is something we don’t do as a country because it’s filthy and immoral.

Opposition MPs said publicity surrounding the release of the Panama papers was damaging New Zealand’s reputation.

Labour and NZ First put those laws in place.   And now they are damaging to our reputation?

Nope.

 

– RNZ


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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