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Tax and Jurisdictions

January 5, 2017

For decades, high-net-worth individuals and families have valued Bermuda for the array of services available in the jurisdiction to support trust structuring, private-wealth preservation, estate management and succession planning.

As HNWls continue to look for better ways to protect and manage their wealth, Bermuda is leveraging its well-earned reputation as a leading trust and private client centre to firmly position itself as an ideal location to establish and/or operate a family office. 

For decades, high-net-worth individuals and families have valued Bermuda for the array of services available in the jurisdiction to support trust structuring, private-wealth preservation, estate management and succession planning.

As HNWls continue to look for better ways to protect and manage their wealth, Bermuda is leveraging its well-earned reputation as a leading trust and private client centre to firmly position itself as an ideal location to establish and/or operate a family office.

December 20, 2016

Family offices are finding new opportunities in FinTech and social impact projects on the Isle of Man as the island revitalises itself as a global e-business hotspot.

Family offices are finding new opportunities in FinTech and social impact projects on the Isle of Man as the island revitalises itself as a global e-business hotspot.

October 7, 2016

New regulations driving greater transparency around beneficial ownership are being set up throughout Europe, spearheaded by Great Britain

New regulations driving greater transparency around beneficial ownership are being set up throughout Europe, spearheaded by Great Britain. Alison Ebbage reports

Before David Cameron’s leadership was overshadowed by Britain’s infamous vote to exit from the European Union, he had notched up another notable first: pushing the United Kingdom to become the first G20 country to set up a publicly accessible register of beneficial ownership.

October 7, 2016

Will the Panama Papers mark a tipping point for families and their advisers? And what will families need to do to fend off public criticism?

Will the Panama Papers mark a tipping point for families and their advisers? And what will families need to do to fend off public criticism? Paul Golden reports

Amere two months before Brexit brought the curtain down on David Cameron’s 11-year leadership of the UK Conservative Party, the former prime minister had only narrowly escaped an earlier end to his premiership.

April 8, 2016

The scandal over offshore investments is not set to influence the investment decisions of family offices, experts say, although reputational risk is a key consideration.

The Panama Papers revelations are unlikely to influence the decisions that ultra-high net worth (UHNW) families make over their finances, according to a leading specialist.

There are only likely to be “very, very limited” effects on how family offices operate, said Sascha Klamp, managing director and chief investment officer of London-based CITE Investments.

March 4, 2016

A concerted coordination between global regulators and national governments means regulation is impacting families on matters as diverse as tax information to reputation. Rose Carr and Nicholas Moody ask experts what regulatory measures family offices should watch out for

February 26, 2016

The OECD’s Common Reporting Standard has been described as a ‘paradigm shift for tax’ as it seeks to automate the way governments share tax information with each other. How are family offices being affected? Alison Ebbage reports

Its official name is the global standard for automatic exchange of financial account information – these nine words are a simple distillation of an ambitious project to tackle global tax evasion. Known more regularly as the Common Reporting Standard (CRS), it will see government-to-government sharing of account holder information and builds upon existing legislation, notably the US Foreign Account Tax Compliance Act (FATCA) and the EU Savings Directive.

July 10, 2015

UK government proposals to abolish permanent non-domiciled status and reduce the status timeframe to 15 years could lead to “a mass exodus of older money”, a private client lawyer predicts.

UK government proposals to abolish permanent non-domiciled status and reduce the status timeframe to 15 years could lead to “a mass exodus of older money”, a private client lawyer predicts.

Ashley King-Christopher, private wealth and family office partner at Charles Russell Speechlys, said the change to the non-domiciled status was “a surprise that is going to be unhelpful for older money”.

However he added that corporation tax changes could boost the attractiveness of London as a family office centre.

January 23, 2015

The demand for state-of-the-art warehouses to park art and other valuable collectibles is growing – due in no small part to their tax-free advantages. So does it make sense for a family office to hide its art away?

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