Bid to clean up NZ’s business reputation divides submitters


Wealthy investors could shun New Zealand or risk being kidnapped if they had to open up about their business interests here, critics of a Government proposal to show who really owns and controls Kiwi companies are warning.

Commerce Minister Kris Faafoi is consulting on creating a publicly-searchable register of the “beneficial” or true owners of Kiwi businesses after warning in June that New Zealand needed to strengthen its reputation as a place for honest business.

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