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Green Party seeks to cap political dontations, stop companies donating (www.rnz.co.nz)
submitted 1 month ago by to c/politics@lemmy.nz
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I find myself agreeing with the caping of donations at $30000 but also the public register of lobbyists is a fantastic addition. Get big influence out of our politics!

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[–] 4 points 1 month ago (4 children)

Billionaires: roight. Ill just make a thousand donations from each of my shell companies, then.

Seriously: its a start, but how does this stop the mega donors from doing just that?

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  • [–] 10 points 1 month ago (2 children)

    In the finance industry we call this KYC Know Your Customer, specifically the "beneficial owner".

    You tie the funds back to the top-most owner in any structure.

    You're also supposed to vett that the funds have providence for AML (Anti-Money Laundering).

    If that industry can do it, so can parliamentary services or whomever would enforce it.

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  • [–] [S] 4 points 1 month ago (1 child)

    Didnt a bunch of these rules come in world wide due to the Panama Papers leak? you hear almost nothing about it but a whole bunch of laws about KYC came in from the panama papers investigation, its one of the reasons why trusts got a big nerf.

    there is a whole bunch to dig into but this look like a good start https://en.wikipedia.org/wiki/Panama_Papers

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