New Zealand prime place to hide money: Panama Papers

May 9, 2016

New Zealand prime place to hide money: Panama Papers

New Zealand is at the heart of a tangled web of shelf companies and trusts that are being used by wealthy Latin Americans to channel funds around the world, according to a report on Monday based on the so-called Panama Papers data leak. Local ...

May 3, 2016

Tobacco tax hike to add billions to Australia's coffers

Smokers in Australia could pay approximately $40 Australian dollars ($30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday. The cost of cigarettes will rise 12.5 percent every year, starting from 2017, with a packet currently costing around AU$25, according ...

Apr 27, 2016

OECD schedules talks in Kyoto on global tax avoidance

The Organisation for Economic Co-operation and Development will hold a meeting in Kyoto in late June to address tax avoidance, government officials said Wednesday. The meeting will come on the heels of the so-called Panama Papers scandal, which cast a spotlight on tax avoidance ...

Apr 20, 2016

China suspends G-20 anti-corruption task force, members say

China suspended an international anti-corruption task force after taking over the presidency of the Group of 20 earlier this year, according to six individuals in the group, who called it a setback to efforts to crack down on shell companies used to conceal assets. ...