The Resource New Zealand revises foreign trust legislation

New Zealand revises foreign trust legislation

Label
New Zealand revises foreign trust legislation
Title
New Zealand revises foreign trust legislation
Creator
Subject
Language
eng
Summary
In April 2006, New Zealand finally adopted legislation revising its foreign trust regime. The legislation followed two years of proposals, revised proposals, submissions, and debate. The law as enacted differs in some significant respects from the prior proposals, not to mention from the bill that was introduced into Parliament. The law, which goes into effect on October 1, 2006, makes some salutary changes to the prior regime. Although it imposes new obligations on New Zealand resident trustees of foreign trusts, those obligations are not burdensome and, if anything, are likely to enhance New Zealands reputation as an international trust jurisdiction
Citation source
In: Tax planning international review. - London. - Vol. 33 (2006),
http://library.link/vocab/creatorName
  • Cotorceanu, P.A
  • Wijetunga, D
Geographic coverage
Pacific Islands
Language note
English
http://library.link/vocab/subjectName
trust
Label
New Zealand revises foreign trust legislation
Instantiates
Publication
Label
New Zealand revises foreign trust legislation
Publication

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