Should New Zealand’s citizens be allowed to save or invest their money in offshore bank accounts?
An offshore (or foreign) bank account is a bank account you have outside of your country of residence. The benefits of an offshore bank account include tax reduction, privacy, currency diversification, asset protection from lawsuits, and reducing your political risk. In April 2016, Wikileaks released 11.5 million confidential documents, known as the Panama Papers, which provided detailed information on 214,000 offshore companies serviced by the Panamanian Law Firm, Mossack Fonesca. The document exposed how world leaders and wealthy individuals hide money in secret offshore tax shelters. The…
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Māori electorate
Electorate
Response rates from 46.8k New Zealand voters.
74% Yes |
26% No |
63% Yes |
20% No |
10% Yes, as long as offshore income is reported |
4% No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes |
2% No, and neither should corporations and business organizations |
Trend of support over time for each answer from 46.8k New Zealand voters.
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Trend of how important this issue is for 46.8k New Zealand voters.
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Unique answers from New Zealand voters whose views went beyond the provided options.