After the release of John Shewan's hard-hitting report on foreign trusts, Key foresaw someone would point out the differences between what he previously said and what the report concluded. Related Content Foreign trusts face tougher disclosure rules Audrey Young: After Brexit, history will remember David Cameron as a loser New Zealand not tax haven: reportOuch. It was reasonable to conclude there are foreign trusts in NZ being used to hide illicit funds, Shewan said. "I said New Zealand is not a tax haven - well he agrees with that perspective. John Key came prepared to his post-Cabinet press conference yesterday on foreign trusts.

Source: New Zealand Herald June 27, 2016 16:52 UTC