The US Tax reform BEATs down renewable energy

In their joint letter to the Senate in November’17 clean energy groups had raised alarm at the impact of the Base Erosion Anti-Abuse Tax (BEAT) provision. The provision basically applied a 100% tax on tax equity for multi-nationals and overseas investors. The letter, signed by the ACORE, AWEA, CRES and SEIA states, “Not surprisingly, major financial institutions have indicated that, under such a regime, they would no longer participate in tax equity financing, the principle mechanism for monetizing credit...

Spotlight on China

Spotlight on China

Nov 13 - 17. 2017
There are several factors currently at play impacting how the wealthy in China are approaching taxes and jurisdictions.

Family Offices Still Patriotic with Investments

Even while direct investments seem to be booming among family offices, with special staff being hired to evaluate profitable sources among this asset class, the traditional domestic equities market remains stable and popular. According the 2017 FOX Global Investment Survey, domestic equities returns came just under natural resources at a 13% return rate, which stood much higher to direct investments that provide 8% returns. Even with the liability of higher taxes, however, domestic investments are...

Indian Family Offices Eye Investments across Borders

Single and multi-family offices are increasingly partaking of the many benefits that lie in offshore investing. More often than not, they are viewed as relatively less volatile and hassle-free due to the tax advantages. Family offices take advantage of the ease of legally mitigating tax issues for UHNWIs, along with providing a high level of privacy to their customers. The rising taxes in India have enhanced the attractiveness of this investment option among the Indian family offices and their subsequent UHNWIs....

The Role of Domiciles

The Role of Domiciles

Oct 23 - 27. 2017
Tax residency and jurisdictions are very important considerations for family offices, particularly given the increasing global nature and mobility of wealth. Choosing a domicile also has a major impact on the estate planning process. Making the right choice facilitates estate planning goals such as tax efficiency, asset protection and passing wealth to the next generation through a variety of vehicles, such as trusts.

Introduction of VAT in the Gulf Makes the Family Office Industry Flourish

Up until last year, the existence of the family office in the Middle East was barely noticeable. According to a Family Capital report of 2016, “There are maybe just five family groups in the UAE that could be said to have set up sophisticated family offices,” says Fathi Ben Grira, CEO of Menacorp, an Abu Dhabi-based corporate financial group. “May be a few more in Saudi Arabia and a few in Kuwait, but there are really not a great deal of well organised family offices in the region.” Menacorp is owned by ...

Ayaltis to Set Shop in Hong Kong

The rising rich in China are churning out a large amount of wealth and most of that is bound for Hong Kong, making it among the top three places with the highest number of family offices in Asia. Recently, Hong Kong has drawn the attention of a Swiss hedge fund - Ayaltis, as the chosen location to set up their family office. Mr. Hao Shao, General Manager at Ayaltis, who is heading the family office set up operations in Hong Kong sheds lights on the market, “the Chinese total HNWIs’ wealth stands at $7 trill...