Geoff Cone Contribution in New Zealand Foreign Trust Reputation.

New Zealand is one of the best and safe places to base your assets. This is because it is a stable jurisdiction with the well-regarded judiciary and solid legal and professional infrastructure. The country has never been and is not a tax haven. What are the features of tax havens? They do not impose tax and if they do nominal tax only, there is no transparency and the laws and procedure impede the exchange of information with other governments. New Zealand (NZ) was among the first countries to implement the tax standards that have been agreed internationally. The gesture earned it a place on the OECD white list.

The island nation demonstrates transparency in how it handles foreign trusts and the requirements placed on trustees. There are rules by Michael Cullen which dictates that a New Zealand resident trustee of a foreign trust should present Foreign Trust Disclosure forms and keep records for purposes of NZ tax. The records include details of trust’s assets and liabilities, trust deed, details of settlement and distribution, money that the trustee receives and spends and financial records. All files must be recorded in English and be kept in NZ.

New Zealand has double tax agreement totaling to 39 that are meant to assist in prevention of tax evasion and avoidance. It has an additional over 20 tax information exchange agreement with other nations. It has also signed a Convention on Mutual Administrative Assistance in Tax Matters. Most foreign trustees/ service providers in NZ are accountants and lawyers who are members of Society of Trust and Estate Practitioners. The lawyers and accountants have enhanced the reputation of NZ among taxation experts and OECD.

Geoffrey Cone is a New Zealand long-serving tax expert. He grew up in South Canterbury, NZ and attended the University of Otago for his LLB and post graduate diploma in trust and tax law. In 1980, he began practicing in Christchurch NZ. He practiced commercial litigation and also did tax and trust advisory. Cone worked as a litigator in British West Indies and later established Cone Marshall Limited in 1999. The law firm was the first in NZ to specialize in foreign trust and tax planning. Over the years, it has become the leader in offering trustee and trust management services.

Geoff Cone expertise includes international and domestic tax law, commercial litigation, trust law and banking law among others. He has been a contributing author to International Trusts Guide, World Trust Survey, Law of Offshore Jurisdiction and International Trust Disputes. Cone has published articles in New Zealand Law Journal and Trust and Trustees. He offers consultancy advice on tax planning, trust assets, trust management, tax treaties and mutual investment structures. His success story includes establishing investment trusts in the Bahamas, Bermuda and Dominican Republic. He is married to Sarah Cone, and he is famous for actively defending the New Zealand’s reputation with foreign trusts.

Learn more:

SEC: A Reputable Resource for Whistleblowers Everywhere

Run by Jordan A Thomas, the SEC Whistleblower program has been serving the community for almost 50 years. Having a compelling track record, SEC has been recovering billions of dollars and ensuring that the financial market does and continues to operate with fairness, transparency, and accountability where it is due. Their Whistleblower Representation Practice has advocated for the courageous individuals that report potential violations of security even when there is personal or professional risks involved.

SEC Whistleblower Advocate was the very first to create a practice specifically focused in advocating and protecting individuals who have reported violations of laws regarding federal security. This focus, they claim, helps them to better utilize their expertise, experience, and resources in order to provide the best results for their clients.

Their clients are often corporate insiders who may have a lot to lose. They also serve other whistleblowers that are able to prove that a significant violation of security has occurred. SEC invests much of their time and resources to assisting these people to come up with the best course of action. When evaluating each case, SEC considers the significance of the violation, the clients’ end goal or goals, the risks involved with the case, the potential rewards of each case, and disclosure strategies that will help in minimizing the potential risk of retaliation as well as maximizing any potential reward.

SEC emphasizes that they are in it for the long run. They are dedicated to justice, helping whistleblowers through the entire legal process with utmost compassion for their particular situation.

The SEC Whistleblower Advocates have earned accolades for their successes in some of the most important and complex federal security cases is recent history. They have won decisions that have set precedents and billions of dollars in recoveries. They continue to settle cases against major economic companies that include Morgan Stanley, Fannie May, Bear Stearns, and Goldman Sachs.

In addition, they have recovered billions of dollars that have contributed to corporate governance reforms. They have helped in re-shaping how various organizations operate.

SEC Whistleblower Advocates are a team of lawyers that dedicate themselves to getting justice for those effected by federal security violations.