Category Archives: Legal Matters

What Geoffrey Cone has to Say about Foreign Trusts

In June 1954 Geoffrey Cone was born in New Zealand. It was at the University of Otago that he graduated with a law degree. His postgraduate diploma in law is a major in Tax law and trusts. He started practicing law in Auckland in 1980 only to move away to Christchurch as a partner in an established firm. At that firm he was chairman of partners. He practiced commercial litigation with particularly tax issues. Cone would later work as a litigator for two years in British West Indies. Determined to start his own firm he returned to Auckland and made a name for his firm as being among the first to specialize in trusts and tax planning.

 

Geoffrey, an authority in tax law, is tickled by the misconception carried in the media to the extent that New Zealand’s international trusts are gold mine owing to the tax less nature of her economy. Investors are misled to think that they will walk away rich once they invest in New Zealand.

 

No Tax Haven

 

In order for a country to qualify to be termed a tax haven its economy should bear certain traits. If an economy only has nominal taxes imposed, it can be deemed a tax less state. A lack of transparency of a state in the eyes of other states is also an indicator. States that have legislations barring the free exchange of information among states can be a haven for laundering of money. Since New Zealand cooperates with other states and has taxes imposed on products and services, it follows that she is not a tax haven according to Cone.

 

Openness

 

When a country is included in the OECD’s list of cooperative states, it means she has implemented taxation quotas as agreed internationally among states. The model agreement arrived at in 2002 is the yard stick of taxation and transparency among countries all over the world. That New Zealand features in the white list created by the OECD is a statement of her commitment to transparency.

 

Money Laundering

 

Geoffrey says that the new rules introduced in 2006 require all local trustees of international trusts to present disclosure forms. These trustees are also required by law to submit financial records in New Zealand for tax scrutiny. The balance sheet of the foreign trusts and the expenditure of the same are some of the records sought by government. Financial records also include trust deeds. With the passing of a law to curb laundering, transparency was boosted among states.

 

 

How Cone Marshall is Redefining Tax Laws in New Zealand

 

Cone Marshall is one of the largest commercial litigation firms in Auckland, New Zealand. Since its formation, it has established the tradition of offering flexible and scalable solutions to its clients. Government agencies, corporations, and private individuals form the bulk of its clientele list. The firm mainly handles cases related to real estate and taxation. It similarly offers consultancy and global-scale solutions.

 

The company’s success over the past two decades is credited to the expertise of its management and team of attorneys. It is strongly dedicated to ensuring that clients drawn from diverse geographical locations have access to world class legal representation. This is what has enabled the firm to earn international status. Each clients’ needs are apprised before the firm takes up a case. This explains why the firm has an impressive success rate.

 

Strong Leadership

 

Cone Marshall has stood out from other law firms in New Zealand due to its insightful management team, which is led by Karen Marshall, and Geoffrey Cone. These professionals have experienced unmatchable success in the legal field. Karen has been working at the firm since 2005. Before that, she had been practicing as a commercial lawyer for more than 15 years. Her commitment and prowess has seen her become one of the most sought-after commercial attorneys in New Zealand.

 

Karen became a principal at Cone Marshall in 2006, and has maintained the position to date. Her role at the firm is to offer advice to statutory trustee companies. Her experience and legal expertise has been pivotal to the success that the company has had. Geoffrey Cone is also an established attorney, with vast experience in taxation law. He has been practicing since the 1980’s, and is regarded to be among the torchbearers as far as international tax planning is concerned. Besides this, he is skilled in management services and consultancy. This has helped him offer unparalleled representation to the firm’s clients.

 

Inspiration to Upcoming Lawyers

 

Since establishing the firm, Geoffrey and Karen have endeavored to motivate upcoming attorneys. The duo recognizes that issues pertaining to international trusts and taxation have become crucial to the legal field. This is why Cone Marshall has enhanced its setup to cater for this development in the legal field. The firm mainly partners with family lawyers and advisors from different countries in a bid to serve its clients in a better manner. New Zealand’s legal climate has been favorable to the firm because the company has an open policy when it comes to tax transparency.

 

Hiring A Good Lawyer In Brazil

When you are facing a legal problem, it is extremely important that you have a good lawyer on your side. Some people attempt to deal with legal issues without consulting a qualified professionals. Lawyer have the knowledge and skills to address these types of issues appropriately and can be of tremendous help to you.

If you are not a legal professional it is not advisable to handle these issues, especially complex ones, without the advice and guidance of a qualified lawyer. A good lawyer will have your best interest in mind, and will make sure your rights are protected throughout the legal process. A reliable lawyer will take the time to review your case and situation and develop effective strategy to address the case.

Lawyers will often offer a free initial consultation to go over the details of your case and allow you to ask some basic questions. This consultation should help you determine whether the lawyer is right for you. During the meeting, you will also know whether you should hire this lawyer.

Generally speaking, you will want to make a list of questions to ask and have them with you during the consultation. Also, you should feel at ease and comfortable enough discussing your case with the lawyer. You also want to be sure you find out about the lawyer’s expertise, certifications, experience, special knowledge, fees and management of the case.

If you later choose to go with the lawyer, you will have a more detailed discussion on how to handle your case and present any concerns you want to lawyer to look into.

Ultimately the client is responsible for the expenses and costs of handling his or her case. In many situations, contingency fee arrangements are made, meaning that you owe the lawyer nothing unless he or she makes a recovery for you, depending on the type of case you have. Costs typically include court filing fees, travel costs, expenses paid to witnesses, , and similar expenses incurred in handling your case successfully. These costs are usually deducted from your recovery if the lawyer is successful in obtaining a settlement for you.

There are great online resource for locating highly skilled lawyers in Brazil, all of whom have satisfied the country’s rigorous standards and criteria in order to practice law.

Ricardo Tosto de Oliveira Carvalho is a successful Brazilian law and has earned a great name for himself and enjoys helping his clients obtain the best possible outcome in their case. Who’s Who Legal has nominated Ricardo Tosto de Oliveira Carvalho as one of the best litigation lawyers in Brazil. Specializing in Commercial Litigation, Ricardo Tosto de Oliveira Carvalho is also recognized by Legal 500 and Análise 500.