Tax planning strategy 188 A Child Maintenance Trust (CMT) is a special type of trust set up and established with income earning assets (typically shares or property) to provide support for a child (or children). Under the CMT deed the capital assets can only be distributed to the children for whose benefit the trust was…
Read More »
Capital city: Hong Kong Currency: Hong Kong dollar (HK$) Population: 7.3 m (93.6% Chinese) Language: Chinese & English GDP …
Read More »
This strategy is ideal for taxpayers who meet two criteria: They own a company with a franking account surplus (normally as the result of profits from operating a business or investments, the company paying tax and retaining those profits). The taxpayers (shareholders in the company) currently have nil or low taxable incomes (normally due to…
Read More »
Capital city: Avarua Currency: New Zealand dollar (NZD) & Cook Islands dollar Population: 13,100 (2016) Language: Cook Islands Māori & English GDP: US $295.2 million (2016) The Cook Islands is…
Read More »
Capital city: Port Vila Currency: Vanuatu vatu (VUV) Population: 286,249 (98.5% Ni-Vanuatu) Language: Bislama, French & English …
Read More »
Tax planning strategy 181 Australia now has over 570,000 self-managed super funds (SMSFs) that hold $600 billion of investments. The ‘average’ super fund now has a balance of over $1 million, although 45% of funds have less than $500,000 of assets. The SMSF segment is fast growing and now accounts for 29.1% of the…
Read More »
Capital city: Alofi Currency: New Zealand dollar (NZD) Population: 1,470 (predominantly Polynesian) Language: Niuean (official) 46% & English 43% GDP: $15 million (Est) Niue is one of the world’s largest coral islands and is located in the South Pacific Ocean, east of Tonga. It’s known for its limestone cliffs,…
Read More »
Tax planning strategy 182 The central feature of a tax haven is that its laws and other measures can be used to evade or avoid the tax laws or regulations of other jurisdictions. Although there is no universally accepted definition of tax havens the following characteristics are indicative of it: No or nominal taxes.…
Read More »- « Previous
- 1
- …
- 10
- 11
- 12
Similar posts you may like
- Save tax with a home-based business
Home-based businesses are small businesses that operate from the owners home. The attractions of starting and running a business from home include: Tax Read more
- Tax Planning Strategy 153 | Junior Mineral Exploration Tax Credit
The Junior Mineral Exploration Tax Credit (JMETC) encourages non-mining investors to invest in exploration companies and help fund their exploration activity. The JMETC allows Read more
- Tax Planning Strategy 189 | Increase Giving via Discretionary Trusts
This strategy involves a discretionary trust making pre-tax trust distributions to a tax-exempt beneficiary. If the beneficiary is tax exempt (a not-for-profit organization or Read more
- Tax Planning Strategy 185 | Accessing Surplus Franking Credits
This strategy is ideal for taxpayers who meet two criteria: They own a company with a franking account surplus (normally as the result of Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2