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Article: The New Zealand Offshore Trust.
- Article from:
- Mondaq Business Briefing
- Article date:
- May 27, 2003
CopyrightCOPYRIGHT 2003 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New Zealand is not a tax haven, yet trusts established in New Zealand are increasingly important international tax planning vehicles.
WHY?
Some of the most successful offshore tax planning vehicles have been in fact "on-shore" in tax paying jurisdictions - the UK non-resident company, the Delaware corporation, the UK limited partnership, the Irish non-resident company, the Singapore company, and the US LLC to name a few.
Add to this worthy collection the New Zealand offshore trust.
What is it about on-shore zero tax entities that makes them so useful? The appeal is obvious - all the cosmetic advantages of appearing to be a tax paying ...