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International investment | 25
When substance
meets good
sense
Stick with this abiding rule in wealth management
and you will have nothing to fear in this safe harbour
By Martin Crawford, CEO of Labuan
IBFC Incorporated, the marketing and
promotional agency for the Labuan
jurisdiction
W
ealth, like a good
reputation, takes a long
time to build but can also
disappear with one false
step, one bad moment, or
even an unexpected
economic crisis similar to the one the world is
digging itself out from.
Couple that with the giant spot lights the
OECD is turning on in search of illegal
activities like tax evasion or money laundering.
A dilemma consequently comes into focus for
those law-abiding wealthy individuals or
families who, in most cases, are less concerned
about tax evasion than the simple wish to
perpetuate their wealth for generations to come.
At the heart of the dilemma for the wealthy
community is the question of whether to sit it
out or move on to another jurisdiction. This
decision requires a clear-sighted, hard headed
assessment covering service support, the
regulatory environment and the ability of the
tax planning structures to withstand scrutiny
from tax authorities while ensuring an
individual’s right to privacy.
www.investmentinternational.com September 2009 Investment International
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