International Taxation Issues Related to the Offshore Jurisdictions
In-house
This is a 2 day course for Private Bankers, Wealth Managers and Tax specialists exploring the latest trends in the taxation for the Offshore Jurisdictions.
By the end of this course you will:
- Gain sound understanding of international tax issues in the light of recent market changes
- Explore international initiatives with respect to tax
- Changes in tax regulations in major jurisdictions
- Be prepared for cross border planning for wealthy families
- Understand the changing nature of capital / income
- Hear about recent private client tax cases
This programme can be customised and run in any of your offices worldwide. Contact our advisors to discuss your requirements.
Call us on +44 207 193 5035
Description
Tax issues are on the top of the agenda for private banks. Recent international initiatives can change the way private banking is operating.
In these changing times, it is very important to stay up-to-date with recent market developments. This intensive course is designed to explain offshore tax regulations and give an update on recent developments. Run by an experienced private wealth advisor, the training addresses the most challenging aspects of international tax management.
Main Topics Covered During This Training
- Defining the scope of international taxation
- Key principles of international taxation: residence, domicile, status, source
- Tax evasion and avoidance
- An overview of domestic tax regimes
- International initiatives
- Overview of recent tax changes in major jurisdictions
- Cross-border planning for wealthy families
What Will You Learn By The End Of This Training
By the end of this course you will:
- Gain sound understanding of international tax issues in the light of recent market changes
- Explore international initiatives with respect to tax
- Changes in tax regulations in major jurisdictions
- Be prepared for cross border planning for wealthy families
- Understand the changing nature of capital / income
- Hear about recent private client tax cases
Who Should Attend
- Private Bankers
- Wealth Managers
- Family Office Managers
- Asset Managers
- Tax Specialists
- Lawyers
- Consultants
- Heads of Wealth Management
- Heads of Family Services
Teaching Method
The course is taught with hands-on, practical exercises forming the framework for the case study model. All the theory will be explained though recent financial examples and put into current market context to help you apply it in your daily business.
You will also benefit from a comprehensive course material.
In order to help us establish your individual and business concerns, you will be asked to fill a pre-course questionnaire.
Because of the nature of the course the number of places is limited and will be filled on first come, first accepted basis. We advise to book in advance in order to avoid disappointment.
International Taxation Issues Related to the Offshore Jurisdictions
Introduction
- Overview of the offshore financial services industry
- Defining the scope of International Taxation
- International taxation – key principles: residence, domicile status, source
- Treaties and their uses and the exchange of information
- Potential conflicts of law
- Tax evasion and avoidance
- The tax implications of international trade
- Taxable entities and recognition
- Examining the structures used in practice
- The evolution of structures
- The Hague convention
An overview of “domestic” tax regimes
- Taxes on income
- Taxes on capital
- Capital gains tax
- Wealth tax
- Estate / Inheritance
- Gift tax
- Consumption Taxes
- Immigration planning opportunities
- Corporation taxes
- Transaction based taxes
- Exchange control and duties
- Deductability of expenses
International initiatives
- Harmful tax practices; towards a level playing field – myth or reality?
- Disclosure of Tax Avoidance schemes
- Amnesties
- Cross Border initiatives eg European Savings Directive, the UBS case
- The potential implications of the G20 meeting (April 2nd 2009)
Recent developments
- Summary of recent changes in major jurisdictions
- Cross border planning for wealthy families
- Civil law, common law and Sharia compliant planning
- Changing the nature of capital / income
- Pension Planning
- Residence and Domicile
- Round up of recent private client tax cases
- Is the structure artificial? The importance of commercial substance
Our Course Director began his private banking career with Royal Bank of Canada where he spent 15 years in a wide variety of senior roles covering almost all aspects of the private banking business both onshore (London) and offshore (Bermuda). During this time he led successful asset management, trust and banking operations, focusing on the needs of international high net worth and ultra high net worth private clients.
He was also a member of the Global Private Banking Management team and managed many aspects of the integration of a substantial international private banking acquisition.
He has also worked with Swiss private banks where he was responsible for developing the international private client market in the UK. Throughout this period, he also maintained a portfolio of high net worth international private client relationships.
Our Trainer has broad general wealth management experience but his particular area of expertise is in developing financial planning solutions for international high net worth private clients and their businesses that have complex cross border planning issues. In this capacity he has marketed private banking solutions to other centres of influence including private client and tax lawyers, accountants, independent financial advisers and brokers.
IN-HOUSE TRAINING
If you have a team of 4 or more this course can be customised and organised in-house at your convenience in any of your offices worldwide. Contact one of our advisors to find out more.
Call us now on +44 (0) 207 193 5035
or send e-mail to: enquiry@eurekafinancial.com
