What we can do for you

Fiscal transparency is crucial to the success of the asset management. On October 15, 2009 the tax amnesty in the U.S. called «US voluntary disclosure program» has ended. The American tax authorities still offer the possibility to report oneself to the U.S. Treasury. Voluntary Disclosure is regarded as such if there is no ongoing investigation against the person by the tax authorities.

Why a VD?

• Conventions against double taxation concluded by all OECD member countries facilitate the exchange of information regarding fraud as well as simple tax evasion.
• With more and more advanced computer systems and banking restrictions in international business transactions, which limits the privacy of the customers, the use of not declared capital is becoming very difficult and particularly risky.
• The changeover of generational wealth not declared to tax authorities of the individual countries will bring major disadvantages to future generations who will be faced with unsolved problems of the past and unlikely benefit from these assets.
• The escalation of U.S. standards in terms of Qualified Intermediary (QI) has pushed the world's major banks to drastically reduce the supply of financial products and services to their customers considered as "U.S. person." This is a trend which is likely to increase in the future.