On 18 March, the Russian Ministry of Finance published a draft law on anti-offshore measures (the Draft). This article by Withers LLP provides a thoughtful review of the Draft, which introduces three concepts:Controlled foreign companies rules (CFC)Russian tax residence for foreign companies based on tests of management and controlNew rules on taxation of the indirect disposal of Russian real estate
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In this 2013 study, Northern Trust examines how institutional investors might be using alternative indexes in their portfolios. With the increased focus on risk management and the growing demand for low-cost, transparent strategies, they wondered whether making an allocation to alternative indexes might be the new active decision in beta management.This study includes a multi-pronged approach:
No Lapse Guarantee (NLG) policies, or policies with NLG riders are attractive to some insureds. The premise behind these policies is that as long as the premium is paid on time each year, the death benefit is guaranteed. Thus, many insureds, advisors, and trustees are under the impression that these policies do not require ongoing review. This is an incorrect notion.
The sale of a business can be one of the most significant events for families of wealth. Often, family members have devoted substantial time and resources to building a successful enterprise.While the sale of the business may be viewed as the successful culmination of years of work, it may also cause concern for the owner, who feels there is not enough time to initiate effective wealth transfer planning. Instituting the proper planning process before a sale has a material impact on the after-tax sales proceeds received and provides peace of mind for the owner.
In this edition of Market Insights, Glenmede provides an in-depth look at recent U.S. employment numbers and highlights the following:
In this Investment Strategy Update: A View From the Top Down, Atlantic Trust expands on the following:
Family offices of all sizes face document management challenges for a number of reasons: Increasing regulatory compliance requirements are revealing existing document management gaps/deficiencies. As FOs increase advisor productivity in client service and business development through advanced CRM systems, the deficiencies in document management associated with these functions becomes
PwC's 17th Annual Global CEO Survey provides an inside look into how CEOs feel about the global economy, the growth prospects for their own companies and details on the challenges that they feel they are facing in the areas of technology, demographics and globalization. Survey Highlights:
Corporate growth and strong capital markets (i.e. stock market, banking system) have been our engines of progress, but we are to a point where those engines have created, or at least contributed to the critical issues we face today like income inequality and environmental sustainability.The idea of returning values, accountability, and transparency to corporations and capital markets has the ability to address many of our challenges at their root, and impact investing is pushing us there.
This study examines the various factors driving the success of high-impact entrepreneurs, including how they differ from one another and how they operate, grow and compete. It looks at the key differentiators of companies with different ownership structures and walks the reader through the following research journey: