{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='From the Panama Papers to the Kiwi Connection' data-url='/boclips/videos/6878fc2d859c693875d0f7d9' data-video-url='/boclips/videos/6878fc2d859c693875d0f7d9' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nFrom the Panama Papers to the Kiwi Connection\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca href=\"/search?publisher_ids%5B%5D=\"\u003e/search?publisher_ids%5B%5D=\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eNew reports claimed wealthy Latin Americans are using secretive, tax-free trusts in New Zealand to help channel money around the world.  Investigative journalist Nicky Hager, together with Radio New Zealand and TVNZ broke the story after...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eNew reports claimed wealthy Latin Americans are using secretive, tax-free trusts in New Zealand to help channel money around the world. \u003cbr\u003e\u003cbr\u003e Investigative journalist Nicky Hager, together with Radio New Zealand and TVNZ broke the story after analysing the leaked documents from Panama-based law firm Mossack Fonseca.\u003cbr\u003e\u003cbr\u003e New Zealand’s Prime Minister John Key said there will now be a review of disclosure rules for foreign trusts but denied his country is a tax haven calling that “utterly incorrect”. \u003cbr\u003e\u003cbr\u003e He told reporters: “It’s important to note the existing rules already require foreign trusts to be registered and to keep detailed financial and other records. These can be requested by Inland Revenue and passed onto tax authorities in other countries.”\u003cbr\u003e\u003cbr\u003e Key added New Zealand’s Ministry of Justice is moving quickly to tighten anti-money laundering requirements for lawyers, real estates and accountants. \u003cbr\u003e\u003cbr\u003e This may come back to haunt the NZ Prime Minister on #panamapapers: “New Zealand is barely even \u003ca \u003ca href='https://t.co/r6OjY8knM9' target='_blank' rel='nofollow'\u003ehref=\"\u003c/a\u003e\" rel=\"nofollow\"\u003ementioned”\u003c/a\u003e— PeterBale (@PeterBale) 9 May 2016\u003cbr\u003e\u003cbr\u003e Foreign trusts in New Zealand are not subject to tax and have minimal disclosure requirements which makes them it a possible link in international tax avoidance structures. \u003cbr\u003e\u003cbr\u003e There are currently nearly 10,700 such trusts in the country, up from fewer than 2,000 a decade ago and a 300 percent increase since 2008. \u003cbr\u003e\u003cbr\u003e Mossack Fonseca actively promoted New Zealand as a good place to do business due to its tax-free status, high levels of confidentiality and legal security according to the investigative report.\u003cbr\u003e\u003cbr\u003e The company maintains it has always complied with international rules, but this latest report sheds more light on how the world’s rich take advantage of offshore tax regimes.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv 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