Bid to clean up NZ’s business reputation divides submitters

0

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.

Read more