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Abolish family trusts (and related tax avoidance /wealth concealing mechanisms)

Abolish family trusts (and related tax avoidance /wealth concealing mechanisms)

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  • John Gibson
    commented 2016-12-11 11:44:44 +1300
    No need to abolish them. The IRD already have the means to “look through” to beneficial ownership or trust deed beneficiaries. IRD just need to be empowered to sort the rorts. There are legitimate reasons for trusts and closely held companies so we don’t need to take these away.
  • John Gibson
    tagged this with important 2016-12-11 11:44:44 +1300
  • Michael Shallcrass
    tagged this with important 2016-12-02 19:31:15 +1300
  • duncan cairncross
    tagged this with essential 2016-11-27 15:35:13 +1300
  • Tim O'Donnell
    commented 2016-11-26 21:33:48 +1300
    Love the idea. This is part of a much larger tax reform to get everyone to pay their fair share with no loop holes
  • Tim O'Donnell
    tagged this with essential 2016-11-26 21:33:48 +1300
  • James Reardon
    commented 2016-11-26 16:59:39 +1300
    You don’t have to abolish them, you just need to consider a transparent means of taxing them according to the asset values and/or revenues they generate.
  • James Reardon
    tagged this with important 2016-11-26 16:59:39 +1300
  • John Alan Draper
    tagged this with important 2016-11-26 16:38:41 +1300
  • Gerrard Lilley
    commented 2016-11-26 13:28:01 +1300
    Agree with the cracking down on tax avoidance as a means to a fairer society, I would also include all charities, too many organisations whose idea of charity is to advance their own agenda.
  • Gerrard Lilley
    tagged this with important 2016-11-26 13:28:01 +1300
  • Robert Powell
    commented 2016-11-26 05:30:45 +1300
    We really need to ensure proper tax is paid by individuals and companies, including multinationals if we want the revenue to tackle other issues.
  • Robert Powell
    tagged this with essential 2016-11-26 05:30:45 +1300
  • Ben Mayson
    published this page in Suggestions 2016-11-25 23:32:31 +1300