Category Archives: Lawyers

New Zealand’s Tax Transparency Model

Recent media coverage about New Zealand’s foreign tax trusts makes it sound as if it is a tax haven. However, OECD maintains that New Zealand is not a tax haven, never has, and is unlikely to feature on it. Tax havens impose only nominal taxes, lack transparency, and their tax procedures inhibit the exchange of information with other governments. As such, New Zealand does not qualify on any of the grounds above. Furthermore, their private banking industry is not secretive as perceived. New Zealand featured on OECD’S white list of the countries that complied with the internationally agreed tax standard.

Over the years, New Zealand has been handling foreign tax trusts with transparency. Therefore, New Zealand’s tax system allows other government to access relevant information. The new tax rule in New Zealand was introduced by Michael Cullen in 2006 after extensive consultation. Under this regime, trustees of a foreign trust are required to submit IR607 form and comply with the New Zealand’s tax authority. These financial records include trust deeds, details of trust’s assets and liabilities, distribution and settlement details, and the amount of money spent and received by the trustee. Notably, all records must be recorded in English and kept in New Zealand. Failure to comply with the requirements attracts hefty penalties.

About Cone Marshall

Cone Marshall is a New Zealand’s leading global-scale Trust, Estate, and Tax Law Firm. Located in Auckland, Cone Marshall Law Firm was founded in 1999 by Geoffrey Cone and Karen Marshall. Before joining Cone Marshall, Karen Marshall worked in London’s Commercial Litigation department for ten years. As an advisor to statutory trustee companies, Karen Marshall has an extensive experience in managing trusts. Conversely, Geoffrey Cone is described as one of New Zealand’s top tax lawyers in a NZ article written May 2016.

In an article posted on Twitter, Google+ and Facebook, Mr. Cone discredits the notion that New Zealand’s tax transparency model was somehow a tax haven and with a secretive private banking industry. Instead, Cone pointed out that New Zealand subscribed to the principals embodied in the gold standard for transparency. Explaining why New Zealand’s foreign trusts have increased, Mr. Cone said that New Zealand is internationally recognized as a safe country with a well-structured judiciary and substantial legal and professional infrastructure. New Zealand’s reputation as a safe place for investment has led to the increased foreign trusts.

The Right Lawyers In Brazil

Lawyers are helpful in many ways. People seek out help from lawyers for many varied reasons. Some people look to lawyers because they are in need of counsel in the middle of a contentious divorce. Others look for a lawyer for help because they want to have help with a business venture of some kind. The right kind of lawyer can help anyone succeed in any particular endeavor they have in mind. Such a lawyer can be especially important for someone who wants to be able to expand their business venture overseas to a new nation they have never explored before.

Working with a lawyer such as Ricardo Tosto de Oliveira Carvalho. Carvalho is a noted legal scholar and one of Brazil’s leading lawyers. His Twitter account shows that work in the field of law has been focused on helping provide people from all backgrounds with the chance to get justice in front of the legal system. Tosto’s work has included many kinds of cases in the legal field including those involving entertainment law and laws that govern the world of business. His primary focus has been in fields of law that are closely related to business ventures of all kinds both for those living here and those wishing to invest here.

He is a founder in the legal partnership of Leite, Tosto e Barros Advogados, a nationally prominent law firm devoted to helping provide counsel for those seeking help in various areas of Brazilian law. The firm is one of the nation’s busiest and most respected with many legal staffers on the payroll who help provide skilled legal assistance for those needing to work within the framework of the legal system. The legal system of Brazil requires someone who knows full well how to help navigate it well. Those who work closely with him and his firm will find just that from the lawyers here.

The right kind of lawyer when working in this area is particularly essential for those who want to do business in this part of the world. The world of Brazilian law is complicated and complex, especially for those who are considering exploring investing in this part of the world. They will need to have skilled and helpful counsel on their side as they do so. Many people find that the right kind of help is vital as they work within this system to invest funds their funds here.

Sam Tabar Knows A Lot About Finance Law

Finance law applies to federal and state mandates regarding borrowing, lending and depositing funds at financial institutions. All companies that operate under certain laws must adhere to them or suffer serious financial and criminal penalties. The laws were put in place to protect indivduals and companies from unscrupulous lending practices. Dodd-Frank was enacted in 2010, and it has over 1,500 new protection laws and mandates.

Oxford-educated Sam Tabar has been at the forefront of financial strategies for over 20 years. As a hedge fund manager at Merrill Lynch, he developed a number of marketing strategies the helped clients earn money and gain company trust. Finance law also applies to individuals who invest in the stock market.

Many companies have people on staff to ensure that banking and finance laws are being followed to the letter. Attorneys like Sam Tabar are hired to deal with complaints from customers. Ensuring regulations is a daily occurence and attorneys must also see to it that all banking personnel are well versed on the laws. Lawyers are also there to defend employees who are facing charges. Regulatory agencies have a lot of power when and if laws are broken. The bank could levy some very dire sanctions including cease and desist orders and civil fines