Geoffrey Cone is a respected international scale tax and trust attorney who is based in New Zealand. The successful lawyer is a graduate with LLB honors. He has a post-graduate diploma in trust and trust laws which he acquired from the University of Otago. The lawyer started his successful career in the 1980s. At first, he was based in Auckland, but he relocated to Christchurch. He served in a reputable law firm for some time as the chief counsel. He, however, decided to go back to Auckland in the year 1997. A year later, Geoffrey Cone managed to establish a law firm known as Cone Marshall.
Under his leadership, Cone Marshall has grown to become one of the most reputable law firm in New Zealand and the world. The institution specializes in trusts and tax activities, and it has been very successful in its operations, earning the trust of the international clients. Karen Marshall is also a principal of the law firm, and she has played a crucial role in the success of the organization.
Just recently, there was a report about foreign trusts that features in the media houses. Just like any other coverage, the media made the news sound too glamorous, making the middle-class individuals think that the foreign trusts were made for the wealthy and elite individuals in the society. However, Geoffrey Cone has been observing the full coverage, and he said that the media have exaggerated everything.
To start with, many individuals assume that New Zealand is just a tax haven, and this is not true. The country has never been a tax haven, and by the look of things, it is never going to be. The state imposes high taxes when compared to the tax havens listed in the OECD. The tax havens impose very little taxes, and in some instances, they do not charge them. New Zealand has also been offering very transparent services especially in matters concerning tax and foreign trusts. The banking industry in the country is also not secretive when it comes to its operations, and this attracts the foreign trusts in the country.
New Zealand uses very strict standards when it comes to tax and foreign trusts, and trustees can be assured of getting their benefits at the end of the day. The information concerning taxes is available for other governments, something that is not common with tax havens in the world who keep this valuable information confidential.
Governments looking for trustee records or their tax records have easily access to it. Furthermore, the records are kept in English, meaning that they can be read by people from different parts of the globe. Individuals who do not abide by these strict regulations get serious punishment.