Billionaires Are Not Thieves
There is a common phrase that makes me want to pull my hair out: “rich people need to give back to society.” It implies…
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Foreign Financial Institution FATCA Reporting Obligations
FATCA stands for the Foreign Account Tax Compliance Act, in case you didn't know. Although not everyone knows what FATCA stands for, they are…
Hidden Dangers of Public Beneficial Ownership Registries
Besides being none of anyone's goddamn business, public beneficial ownership registries pose a significant risk to owners of entities. Proponents of the registries claim they…
Hidden Dangers of Public Beneficial Ownership Registries
Besides being none of anyone's goddamn business, public beneficial ownership registries pose a significant risk to owners of entities. Proponents of the registries claim they…
A Solid Tax Strategy can Dramatically Increase Your Profits
A Solid Tax Strategy can Dramatically Increase Your Profits
Our Founder & CEO, Jimmy Sexton, LL.M., has been published again! His recent article Why Reviewing Your Tax Strategy Makes Financial Sense was published in Forbes! In this article he explains how a solid tax strategy can dramatically increase your profits.
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Withholding Tax on Payments of U.S. Source Income
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No Doubts – Switzerland is Still Integral To Banking Sector
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Don’t Fall Prey to an Entity Salesman When You Need an Advisor
Savvy people often implement international asset protection and estate planning structures. The problem is they often fall prey to entity salesman claiming to be…
Liechtenstein is a Great Jurisdiction for Sharia Compliant Succession Planning
Intro
Muslims are required to arrange their affairs such that their estates are distributed pursuant to Sharia law’s share system.
The Problem
This is easily accomplished with assets located within a Sharia law country because estates are, by default, distributed according to Sharia law’s share system.
Ensuring assets located outside of a Sharia law country are distributed in accordance with Sharia law is not quite so straight forward, however. The reason is that many countries don’t recognize Sharia law and, absent advanced planning, will distribute estates in accordance with local law rather than Sharia law. Even if the country where the assets are located recognizes Sharia law estate distribution principles, they likely won’t recognize the concept of plural marriage, meaning assets passed to any wife, other than the first wife, would likely be subject to estate tax.