Apparently, according to PM John Key, technically New Zealand is not a tax haven, it's just a country with a comprehensive, confidential, asset protection and tax minimisation system; although a dead rat by any other name would smell just as rotten.
Recently, it was discovered PM John Key's personal lawyer, who heads a company which specialises in foreign trusts, lobbied the revenue ministry to save the foreign trust industry from the spectre of tightened rules; never mind the tax losses.
None of this is surprising.
Ever since Roger Douglas, Jenny Shipley et al began dismantling the regulated machinery of state and the notion of collective responsibility and replacing them with private greed in the erroneous apparent belief markets will magically self-regulate in a morally beneficial fashion (yeah, right), loyalty to society, community, environment, openness, fairness and honesty have gone west.
Money-lenders have been reinstated to a place of honour in the temple of the almighty dollar, crony capitalism rules, and morality has become a moveable feast.
What is astonishing though is that no matter how many allegedly questionable moves might be linked with PM John Key, no matter what destruction his Government wreaks - such as the systematic dereliction of New Zealand Rail just when carbon emissions reduction is becoming crucial, trading in dodgy carbon credits, and failure to tax profits on the offshore export of our precious water with the convenient semantic excuse that no one owns it - his popularity remains intact.
No one seems to care.
Why? My theory is National voters are so seduced by the illusion of monetary wealth they hope enough will rub off on them, so they can stash it in tax havens too.
As New Zealand slips down Transparency International's Corruption Perceptions Index, it seems there's one rule for rich jet-setters - where "Just be honest, mate" doesn't apply - and another for ordinary people working hard to get by.