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New Zealand is rolling back tax transparency laws, eliminating data on wealthy taxpayers' low rates and trust disclosures, sparking concerns over fairness and accountability.
New Zealand is repealing key tax transparency measures, including a provision that allowed the Inland Revenue to study high-net-worth individuals' tax rates, sparking criticism from advocates.
The move removes access to data showing the top 311 families paid an effective tax rate of 9.4%, far below middle-income earners.
It also eliminates mandatory trust disclosures, reducing oversight of wealth held in trusts.
Critics warn the changes undermine accountability, enable tax avoidance by the wealthy, and weaken efforts to ensure fair tax contributions.
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Nueva Zelanda está haciendo retroceder las leyes de transparencia fiscal, eliminando los datos sobre las bajas tasas de los contribuyentes ricos y las divulgaciones de confianza, lo que genera preocupaciones sobre la equidad y la rendición de cuentas.