trusts tagged posts

Law Commission Questioning Trust Rules

December 20, 2010 New Zealand FinanceNew Zealand Taxation

113/365: Flippin' coinsThe New Zealand Law Commission is investigating the widespread use of trusts in New Zealand, the entities’ potential for tax evasion, and several proposed legislative changes to trust regulations.

On December 20th the New Zealand Law Commission published Some Issues with the Law of Trusts in New Zealand: Review of the Law of Trusts an issues paper that seeks to draw public comment on trust laws. The paper is an initial stage of a comprehensive Law Commission review of the entirety of national trust legislation.

Commissioner George Tanner explained the Commission’s interest in trusts, saying, “We’re interested in why people set up family trusts, and whether there should be limits on their use...

Read More