Category Archives: Lawyers

Geoff Cone, Kiwi Tax Lawyer, Spells Out Why New Zealand Is A Deterrent To Wealthy Foreigners Looking To Hide Money

Geoff Cone is a New Zealander through and through. The man went to the University of Otago on the South Island in order to get his degree to be a barrister. He gained a passion for trust and tax law, which led him to a postgraduate degree in the field. He then hoppped to the North Island to practice in Auckland and gain experience.

While practicing in Auckland, a major tax law firm in Christchurch offered him a partnership. He returned to the South Island for a little while before leaving the country to serve as a litigator in the British West Indies. After only two years, he returned to set up his own law firm — Cone Marshall — on the North Island in Auckland. He’s been practicing trust and tax law since 1990. Some even say that he does the Haka in the hallways before filing papers or attending court. Whether or not that’s true, it’s safe to say that Geoff Cone knows his stuff.

So when he starts talking about the Organization for Economic Cooperation and Development, you know he means business. Cone says the OECD provides the world with standards concerning tax law. New Zealand, Cone says, was the first country to achieve the OECD’s gold standard of worldwide transparency concerning foreign trusts.

The New Zealand government forces anybody setting up a foreign trust in New Zealand to provide detailed information to the government in English. These documents are kept by the New Zealand government in order for them to share with foreign governments that may investigate a money trail. Essentially, New Zealand makes it very hard for foreigners to avoid domestic taxes by setting up trusts in New Zealand.

New Zealand also enforces a variety of stiff banking regulations. The Kiwi country applies a tax to anybody setting up a foreign trust in the island nation. This is an immediate deterrent to people looking to use New Zealand as a tax haven because it already takes a chunk of their wealth away.

And New Zealand’s banking regulation makes it extremely difficult, if not impossible, to hide money. When you bring your wealth to this nation as a foreigner, your government back home will know because of the records kept by bankers in New Zealand and the New Zealand government. Wealthy people looking for a tax haven are better off looking at countries with little to no banking regulation.

And communication is a key deterrent for foreigners looking to hide their wealth from their own government. According to OECD’s standards, New Zealand has agreed to share all of this information with any foreign government looking for it. It is an insurmountable paper trail leading to the pot of gold that is a foreign trust.

Luciana Lossio’s Courtroom Journey

In 1999 Luciana Lossio graduated from the University Centre of Brasilia with a degree in Law. She took a specialization in Electoral Law. Her diverse experience in the study of the law saw her become a member of Brazilian Institute of Electoral Law. She is holds three other degrees. She has taken the first degree in Civil Procedure, the second degree in State and Constitution and the third degree in Legal Order and Prosecution, which she acquired recently. As a lawyer, she has managed to represent high profile clients and government officials. It raised her working profile in the field of law and saw her secure a chance to work in the Attorney General’s office. She has served with the office for seven years. During the period in which she worked in the Attorney General’s office, she gave opinions on crucial processes with the Superior Electoral Court. During these operations, she followed the law to the book when granting her advice.

In 2011, the Superior Electoral Court was in the course of searching for a qualified person who would seal the gap in the court. Luciana Lossio represented her interest in occupying the most coveted seat in the field of law. The Bar Association of Brazil had a task at hand to find the most suitable person. The office needed someone with acceptable and high values so as to ensure the institution was in safe hands. The body needed to function by the law especially during that crucial period where elections would hold the following year. Luciana Lossio passed the test because of her experience of being able to handle cases of high complexity. She became the first female lawyer to become a Minister of the Superior Electoral Court.

Apart from being a strong believer of the legal law, Luciana Lossio is a jack of all trades. She spends her free time in horseback riding. It’s a hobby that has slowly turned into a passion. She discovered this hobby when she was only six years of age. This passion has seen her bring home awards. She has won the prestigious Title of Brazilian Champion Amateur Jump. She has also won an award of the Society Hipica Brasília. Her father is her biggest supporter, and this has motivated her to an extent of representing Brazil abroad in horseback riding games. Being competent in all that she does, she has a promising future which may see her contribute substantially to the Brazilian law system.

Learn more:

http://g1.globo.com/sc/santa-catarina/noticia/2016/04/em-sc-teori-zavascki-e-luciana-lossio-falam-sobre-eleicoes-2016.html

http://cbndiario.clicrbs.com.br/sc/noticia-aberta/essa-sera-uma-das-eleicoes-mais-judicializadas-da-historia-do-brasil-diz-ministra-do-tse-em-florianopolis-162811.html

http://www.apmp.com.br/index.php/noticias-01/93-ministra-luciana-lossio-consolida-maioria-feminina-no-tse