New Zealand’s outstanding governance in tax transparency

In his response to a feature on foreign trusts, Geoff Cone took a categorical stand, asserting that New Zealand isn’t a tax haven. In contrast to recent media coverage about the country’s foreign trusts, the truth is that New Zealand upholds a high degree of transparency on tax related matters and doesn’t feature in the list of tax havens, according to OECD database.

Some of the key features of tax havens include the absence of transparency, tax evasions, as well as laws and regulations that bar the sharing of information among different countries.  Moreover, its private banking industry is not highly secretive as is the case with tax havens.

New Zealand prides itself in having implemented the 2002 OECD Model Agreement, which is the gold standard for transparency on sharing of information about tax matters for purposes of enforcing or administering domestic tax laws. As a result, New Zealand appears on OECD’s white list for its full implementation of the globally agreed tax standard.

New Zealand’s approach in handling foreign trusts and the stipulations placed on trustees is solid proof of the country’s headship in tax transparency.

Unlike tax havens, New Zealand has thirty-nine double tax agreements meant to restrict tax inhibitions to cross-border trade as well as prevent tax evasion. Additionally, the country has signed tax information exchange treaties with more than 20 countries. Only recently, New Zealand signed a multilateral Agreement on Mutual Administrative Support in Tax Matters.

The number of foreign trusts administered in New Zealand keeps on growing because the country is considered to be a safe, stable and law-abiding jurisdiction with an honest judiciary. Any issues regarding the use of foreign trusts can be resolved by regulating all New Zealand trust companies to make sure they all subscribe to the same quality standards.

Geoffrey Cone enrolled at the University of Otago, New Zealand and graduated with LLB honors as well as a post-graduate certification in tax and trust law. He started practicing in the 1980s and has graced courtrooms at all levels. After working at various law firms, he established his own law firm in 1999. His law firm, known as Cone Marshall Limited, specializes in tax planning and international trust. The firm has affiliates tasked with providing trustee and trust administration services.

IAP Worldwide Services Develops Afghanistan’s Air Traffic Control System

During the past 60 years, IAP Worldwide Services has developed into one of the world’s leading information and logistics companies. It has completely changed the way both government and private companies operate. Recently, it was announced that IAP Worldwide Services had worked with the government of Afghanistan to develop its first air traffic control system. This system played a key role during the United States’s liberation of Afghanistan from the Taliban. IAP Worldwide Services used this air traffic control system to turn it into the Kabul Air Control Center on payscale.com. This system officially went online on July 12. Air traffic control systems play crucial roles in modern air travel. They provide non-radar information on altitude, ground speed, and the locations of other craft in the air. Air traffic control systems guide the takeoff and landing of planes all over the world. This ensures that two planes don’t attempt to use the same runway simultaneously.

With the new Kabul Air Traffic Control Center, both military and civilian flights are expected to increase. This will lead to much-needed supplies being flown in to feed hungry military personnel and civilian populations. Furthermore, this frees up the US Military to focus on other projects on prnewswire.com. For years, the US Military has been responsible for monitoring air travel in the skies above Afghanistan. With the Kabul Air Traffic Control Center, fewer people will be needed to observe the skies. IAP’s technology will require fewer people to perform the same job. The US Air Force on careercast.com endorsed the quality of the Kabul Air Traffic Control Center, releasing a statement saying that the center will allow Afghanistan to reclaim its position as diplomatic leader of the region.

Since its inception, it has partnered with countless government organizations and private companies to bring the latest in logistics technology to the arena. Its technology has played crucial roles in everything from natural disasters and global battlefields. US fighter jets, soldiers, and tanks rely on IAP Worldwide computer systems for accurate positioning and targeting. IAP logistics guided emergency response personnel during Hurricane Sandy and Hurricane Irene. IAP Worldwide has developed an impressive track record of satisfied customers. It remains committed to providing the most cutting-edge technology to ensure the United States and private companies have the advantage in the global market.