Why Not Zealand Is Not An Offshore Haven

Geoffrey Cone, a lawyer who serves as one of the managing partners of law firm, Cone Marhsall, has set about to debunk the idea circulated in the press that New Zealand is a tax heaven. The idea is ludicrous and is easily debunked by looking at the laws and regulations of New Zealand’s financial sector.

Tax havens have several key characteristics that define them. They include a lack of transparency, strict privacy laws, and rules to prohibit the sharing of client information to foreign governments. A highly deregulated banking and financial sector is another key element of offshore tax havens. Now take a look at New Zealand, says Geoffrey Cone. The country does not have any one of the characteristics that make up an offshore haven.

Instead, New Zealand is a model of tax transparency. The influx of trusts into New Zealand have nothing to do with New Zealand becoming an offshore tax haven to park assets. Instead, it has to do with the reliability, security, transparency and human capital available to trust owners. What human capital is, is the legal team needed to run and operate a trust such as lawyers and accountants skilled in financial matters.

New Zealand is attracting foreign assets because the country is seen as a safe and stable place to hold money. Trustee owners don’t benefit from paying less taxes when their money is held in New Zealand. The country has strict record keeping laws and sharing laws with other governments. Even if somebody tried to hide assets in New Zealand, the legal requirements to have and operate a trust in New Zealand would quickly expose them. So there is no tax haven in New Zealand.

Instead, New Zealand is home to a ripe environment for holding trusts in and contains a strong base of professionals to manage it. They include Karen Marshall, who is also a managing partner at the law firm, Cone Marshall. Karen Marshall comes from the United Kingdom and brings a wealth of experience from her time working as a litigation lawyer in the UK.

Mrs. Marshall works as a trustee advisor and manager of trusts for trust held in New Zealand. Along with Geoffrey Cone, Karen Marshall provides clients with the framework they need to establish and maintain trusts in New Zealand. It is highly professional and skilled law firms like Cone Marshall as well as the financial climate of New Zealand that are reeling in new trusts to the country in record numbers.

The Life of Martin Lustgarten

Investment banking is an industry that produces a lot of wealthy people. Even though the hours are long, investment banking pays really high salaries to workers within the field. There are some people who are able to succeed above the noise and work to the top. Martin Lustgarten has had a great career in investment banking over the past few decades. With all of the success he has had, this has opened up other areas of his life. Learning how to invest is something that everyone should do. Sometimes it makes sense to work with professionals in the field on this subject.


Martin Lustgarten Early Career


Martin Lustgarten was always great at business. He was one of those kids who would start up a business selling a variety of things. This passion would serve him well later on in life. There are a lot of people who do not understand just how much work it takes to succeed in investment banking over the long term. Martin Lustgarten has a passion for helping others through their finances, and this passion is what drives him to work as hard as he does. Anyone who wants to work in investment banking needs to understand how much work is really involved. Few people are able to deal with all of the long hours and stress.


Learning to Invest
One of the great things about investment banking is that workers get to teach other people how to invest their money. There are many people who have no idea how to take that next step with their personal finances. Working with someone who has experience in the field is a great way to get started. Anyone who wants to learn how to invest simply needs to work with an investment banking company. Martin Lustgarten has many decades of experience investing. He is one of the best people in the world when it comes to developing an investment plan and following it through to the end. Anyone who wants to learn how to invest at a high level has the information available today to do so. Find Lustgarten on Vimeo to see what his visual tastes are like.

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