Developments in the offshore world that have been gaining traction over the last couple of decades highlight the shift in balance between the privacy of the individual and the provision of financial and other information to and between authorities, access to some of that information by the public, coupled with the increased UK tax and compliance burden.
In an article authored by Matthew Braithwaite and Helen Ratcliffe which was originally published in the International Comparative Legal Guide to Private Client 2018, they examine the state of the regulatory and tax landscape, looking at where we have come from and how upcoming regulatory and tax changes will critically shape the private client world and the role of the offshore trustee from a UK perspective in the future. Topics covered include:
Providing a clear summary of the rapid response times needed and the demands made at international, European and domestic levels, this article allows you to assess the needs of your clients to identify key actions you need to promptly undertake before the forecasted outcomes become reality.
Can you afford to keep calm and carry on?
Read the article here to find out.
This article appeared in the 2018 edition of The International Comparative Legal Guide to: Private Client, published by Global Legal Group Ltd, London (www.iclg.co.uk).