International Law & Trade – May 23, 2012

by Sanford Millar on 5/14/2012

Foreign Asset Disclosure and the Voluntary Program. This is the program that anybody with clients who have assets off shore should be aware of. Why? Because it's an opportunity for your clients to come forward and...more

by Sanford Millar on 5/14/2012

The headline news that a co-founder of Facebook has given up his U.S. citizenship to avoid income and estate tax may trigger a lot of interest in expatriation. Some people will read the news of the expatriation of Mr. Sevarin...more

by Dickinson Wright on 5/2/2012

In This Issue: US ESTATE TAX UPDATE:CROSS BORDER PLANNING U.S. Transfer Taxes U.S. transfer taxes consist of three tax regimes: estate tax, gift tax and generation skipping transfer tax. For the purposes of...more

by Harney Westwood & Riegels on 4/27/2012

The BVI and the Cayman Islands have both been long viewed as attractive and sophisticated jurisdictions for offshore trust and corporate structuring by Asian clients and their professional advisors. The generic flexibility of...more

by Moodys LLP Tax Advisors on 4/23/2012

On March 22, 2012 I had the privilege of speaking at the Eighth Annual International Estate Planning Institute in New York City. The conference was sponsored by the New York Bar Association and the Society of Trust and Estate...more

by Sanford Millar on 4/10/2012

The U.S. taxes income worldwide and it also imposes estate and gift taxes on assets held worldwide. Many other countries operate on a “territorial” system where only income earned or assets located within the country are...more

by Harney Westwood & Riegels on 3/23/2012

Originally published in ASIAN LEGAL BUSINESS - February 2012. Historically, setting up private trusts offshore has been a preferred vehicle for Asia’s wealthy families and individuals to manage their assets as they crave...more

by Harney Westwood & Riegels on 2/27/2012

One of the great attractions of the British Virgin Islands (“BVI”) as a jurisdiction for structuring finance transactions is the simple yet thorough security registration regime applicable to BVI companies....more