Cone Marshall is a reputable law firm based in Oakland, New Zealand. Formed in 1999, the company has gained an excellent reputation by adequately meeting the needs of clients. Its principals, Geoffrey Cone and Karen Marshall, have exhibited high levels of expertise and professionalism in the course of their duty. Furthermore, Cone Marshall has hired competent attorneys to provide important law services.
Since 1980, the company has focused on the provision of trustee & trust management services and tax planning to its customers. Moreover, they aid clients in the creation of companies, trusts and partnerships. Company officials are also trained to provide tax planning and global wealth advice. Marshall is an outstanding professional with adequate attributes. For instance, she possesses a 10-year experience from a London-based law firm. More importantly, she is experienced in the management of trusts and provision of advice to statutory trustee enterprises.
Cone is equally up to the task and has been described as an exemplary tax attorney by a reliable journal in the Firm & Experts Directory. In addition, he has assured investors of the country’s commitment to complying with the principles of the OECD. The Organization for Economic Co-operation and Development is an international entity that promotes sound tax legislation for member states.
The country has witnessed an influx in the number of overseas trusts in recent years. Such high figures are attributed to the country’s safety and stable judicial laws. Furthermore, the country has an excellent professional infrastructure to support the enactment of new legislation. Customers are assured of a safe environment by setting up accounts in New Zealand.
Demystifying Common Myths
To promote accountability and transparency, Cone Marshall’s principals comply with the highest principles of tax at all times. Such high standards are crucial for the dissemination of excellent advice on trust law and international tax.
In an attempt to demystify common misconceptions, Cone has elaborated on vital elements regarding foreign trusts. He expounds on requirements to be met by potential investors. Such information is valuable in the preparation and monitoring of trust accounts.
Rules to Be Followed
The nation enacted comprehensive laws to sieve untrustworthy individuals. By doing so, both trustees of foreign trusts are obliged to submit a Foreign Trust Disclosure Form to the IRD. Such financial records are stored for tax purposes.
The Form contains crucial information such as details of the trust’s liabilities and properties, details of distribution and settlement, and the receipt and expenditure of income. Each entrepreneur is required to update their accounting systems and charts of account. Moreover, all relevant data ought to be recorded in English and stored within the State. Clients that fail to adhere to these laws are liable to a hefty penalty.
Connect with the NZ law firm Cone Marshall on LinkedIn to learn more about their services.