The Crown accounts remained in surplus in the nine months
ended March and, with higher core revenue, Finance Minister
Bill English is in a happy place as he prepares to deliver
his Budget 2016 on May 26.
If New Zealand tax residents are using tax havens to avoid
New Zealand tax - and such is disclosed in the Panama Papers
- they can expect to be audited and there will be little
sympathy for them, tax expert Scott Mason says.
Further tightening of Auckland housing investor restrictions
and potentially a broadening of nationwide investor
restrictions have become a possibility as tensions grow
between Reserve Bank intentions.