Articles & Video
Complex offshore structures – traps and pitfalls: a practical guide
There has been a growing trend over recent years for the development of bespoke and complex holding structures to accommodate the needs and sensitivities of ultra-high net worth individuals. Often, the clients originate from civil law jurisdictions and as a consequence are unfamiliar with trusts and the fiduciary relationship created. There is (understandably) suspicion.
I can see clearly now…
In recent years, there has been a positive deluge of reporting initiatives affecting UK individuals, entities and structures with a UK connection. Some of these have come from the USA (so-called “FATCA”), some from the OECD (the Common Reporting Standard), others from the EU (as a result of the 4th Anti Money Laundering Directive) and others are simply ground-breaking initiatives by the UK government.
Eric Crawford: Jamaica Will Not Be A Tax Haven
In the context of the Panama Papers expose' and their implications, you queried the timeliness of Jamaica's plans to establish "offshore financial services business", sought insight into the "Government's thinking" on how Jamaica will proceed, and questioned whether it still sees this industry "as a feasible option". You asserted that if the "rules are changed" (presumably as a consequence of the Panama Papers), the legislative framework may require rethinking and a redefinition of our strategy.