As this year’s US defence appropriations act demonstrates, there seems to be a growing international trend on the part of governments to create a baseline in terms of disclosure of beneficial ownership. How a new Biden-Harris administration will act in its first 100 days will be quite telling indeed.

All of this will have a profound impact for private wealth clients and tax structuring professionals.

As governments become increasingly dependent upon sourcing additional tax revenues, investment migration will no longer be about travel mobility and a nice vacation home. Rather, tax structuring and protection of wealth will become the primary motivators of those with means.

Read More.