By Matthew Smith, TEP – Group General Manager, Southpac Group While offshore trusts are available in a variety of jurisdictions, few offer the levels of all-round benefit available in the Cook Islands. The Cook Islands is situated in the South Pacific, around a 4-hour flight from New Zealand and 8
For over 30 years now, the Indian Ocean Island, Mauritius which is about 2,000 kilometres off the southeastern coast of Africa and east of Madagascar, has been vibrant to attract worldwide investors for the structuring and hosting of their cross-border investment vehicles. Mauritius is a beacon of economic success in
Italian lawmakers are set to moderate a proposed increase in taxes on cryptocurrency capital gains, following industry pushback and internal disagreements within the ruling coalition. According to statements on Tuesday by Giulio Centemero and Treasury Junior Minister Federico Freni of the League party, the planned tax hike from 26% to
Since the launch of Saudi Vision 2030 in 2016, Saudi Arabia has emerged as a global investment hub, fostering strong economic ties with foreign investors such as China. This strategic relationship offers Chinese investors unparalleled opportunities in a rapidly diversifying Saudi market. In order to position itself as a business-friendly
Tax considerations play a significant role in the lives of wealthy individuals, often dictating their choice of residence. High-net-worth individuals (HNWIs) tend to gravitate toward countries that offer favorable tax regimes, moving away from regions with high tax burdens. In 2023, the tax wedge in OECD countries reached nearly 34.8%,
The UK government has begun to unveil the details of its plan to phase out the resident non-domicile (non-dom) tax regime, replacing it with a new four-year Foreign Income and Gains (FIG) system starting April 2025. This announcement follows the previous government’s decision in March 2024 to abolish the remittance
ROME (Reuters) – On Wednesday, the Italian government passed a significant amendment to its tax regulations, increasing the flat tax rate to 200,000 euros ($218,220) annually for affluent individuals moving their tax residency to Italy. This adjustment aims to attract high-net-worth individuals and stimulate Italy’s economy, which has been experiencing
When establishing a Private Trust Company (PTC), selecting the right state is crucial due to varying legal and regulatory landscapes. This article provides a comparative overview of PTC regulations in eight significant states: Ohio, Florida, Texas, Tennessee, New Hampshire, Nevada, South Dakota, and Wyoming. Each state offers unique benefits and
As the end of 2025 approaches, Americans are bracing for significant changes to their tax structures due to the expiration of the Tax Cuts and Jobs Act of 2017 (TCJA). If Congress does not act to extend these provisions, the changes, set to occur at midnight on December 31, 2025,
With the Labour Party led by Sir Keir Starmer now steering the government, the fiscal atmosphere in Britain is rife with speculation and concern about potential tax changes. Despite Labour’s previous attempts to portray itself as a pro-growth party, the recent manifesto titled “Change” provides little reassurance, lacking any promises
