Looking for a great law firm was no easy task, but when I researched reputable law firms in New Zealand, I happened upon the firm Cone Marshall. I had to find one relatively close to where I live in Auckland, and I was thrilled to learn that this was the right location for me to get the legal help I needed most for my business. Taxes can be overwhelming, and if you don’t find the right attorney it can make your attempt to get things corrected go awry.
I also discovered that if I wanted to keep my business name under lock and key, the best option for me was to work Karen Marshall as a private client. New Zealand refers to itself as the model for tax transparency which is great, but taxes are daunting no matter where they are filed, but I found out early on that New Zealand is not a tax haven. In fact, the word is that New Zealand will never make the list of places that will be a tax haven.
Here’s how I see it; New Zealand is a beautiful country, and I love living here. I also love my business, and I have a successful one. I want to make sure that all things regarding my taxes are understood, and that I fully understand how I must abide by the law regarding those taxes in a corporate and personal structure.
Whether you know this or not isn’t important, but there is no secret banking industry that rules the country in New Zealand. While having lived in the United States and hearing all of the discussions regarding the private banking industry there, it pains me to think that what we have is so much greater. The transparency regarding all things in business is a pleasant one in New Zealand, and I think I can stand to live without the secret notions of an underground bank here.
It was in 2002 that the “Gold Standard” for taxes was launched in New Zealand, and it’s still in effect today. An agreement referred to as the Exchange Information on Tax Matters created a white list of those countries that were agreeable to keeping the transparency on corporate taxes, and New Zealand was the first to participate. I’m glad I opened my business in New Zealand.