Hot off the press we have an article in the herald
Panama Papers: The celebrities, royals and world leaders exposed by tax leak
the story comes from the international consortium of investigative journalists
they publish a video as below
You will note that the video mentions “MOSSACK FONSECA”
New Zealand appears to have its very own branch of this company see here
the share holder of this company is
3 Centaur Close, Albany, Auckland, 0632 , New Zealand
260 Victoria Avenue, Remuera, Auckland, 1050 , New Zealand
- DAVID LOVE LIMITED (3350190) – Shareholder
- MOSSACK FONSECA & CO. (NEW ZEALAND) LIMITED (4852039) – Shareholder
There are 101 companies registered to the address of Bentley accountants see here many appear to be trust companies held on behalf of foreigners.
among those is the Orion Trust (New Zealand) Limited. which is mentioned in this article by Naked capitalism Mossack Fonseca: The New Zealand Connection
The Benley group of companies is not the only group involved in international trusts the journalists at naked capitalism identified NZ’s role in UnaEnergy Trustees Limited
Naked Capatalism raised the point that
New Zealand-based “foreign trusts” have been actively marketed overseas for benefits including their exemption from New Zealand tax on foreign sourced income, minimal compliance and reporting requirements, and no requirement for public disclosure of the beneficial owners.
As Transparency NZ has noted the apparent lack of requirement to comply with he companies act must also be a benefit s illustrated with the Muse on Allen Saga
more on Mossack Fonseca
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