Tag: trust
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The BVI VISTA Trust Explained, A Structure Built for Family Businesses
Special Trusts Act to hold family business shares without trustee interference. Trusts and Structuring The BVI VISTA Trust Explained, A Structure Built for Family Businesses Why the Virgin Islands Special Trusts Act quietly became one of the most popular tools for families who want to protect a business without handing control to a trustee. The…
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China’s New 20 Percent Tax on Offshore Trusts Sends Wealthy Families Racing for Advice
China’s New 20 Percent Tax on Offshore Trusts Sends Wealthy Families Racing for Advice Beijing has finally spelled out how it will tax offshore trusts, and the answer has caught even seasoned advisors off guard. Wealthy Chinese families now have a fixed deadline to work out what they owe.