Geoffrey Cone’s Insight on New Zealand’s Tax Transparency

While responding to a feature on foreign trusts, Geoffrey Cone was very categorical, stating that New Zealand is not a tax haven. Contrary to how the media depict the country, the truth is New Zealand is very transparent on tax related issues and is very unlikely to join the league of tax havens.

Some of the main characteristics of tax havens include the lack of transparency, failure to impose nominal taxes, as well as laws and procedures that prevent the exchange of information between different nations. New Zealand on the other hand neither has a highly secretive private banking sector nor does it have any of the above characteristics.

New Zealand not only implemented the internationally agreed tax standards but was also among the very first countries to be placed on the OECD’s white list. The 2002 OECD Model Agreement regarding the exchange of Information on tax related issues is the gold standard for transparency.

New Zealand’s ways of handling foreign trusts, as well as the conditions placed on trustees have demonstrated the country’s leadership in tax transparency.

Michael Cullen held extensive consultations, and in 2006 he introduced new rules. Part of these new rules requires a New Zealand resident trustee of a foreign trust to submit a Foreign Trust Disclosure form. They are also advised to keep financial records among other documentation for tax purposes. All records and documents should be kept in New Zealand and must be recorded in English. Failure to do so attracts heavy penalties. The world standard money laundering legislation enactment in 2011 enhanced these rules.

New Zealand has tax information exchange agreements with over 20 other countries. These agreements are instrumental in preventing tax avoidance and evasion. Additionally, the country has signed a multilateral Convention scheduled for Mutual Administrative Assistance in Tax Matters. These among other actions do not depict a tax haven.

All in all, New Zealand has a high number of foreign trusts, and the number keeps growing. This growth is attributed to the regulatory environment that has been created over time by successive regimes. The country boasts of a well-regarded judiciary with substantial legal and professional infrastructure, adding to its popularity as a safe haven.

Geoffrey Cone graduated with LLB honors from the University of Otago, New Zealand. He also holds a post-graduate diploma in tax and trust law. He has been practicing since 1980 and has appeared in the courts at all levels. Geoffrey established his firm Cone Marshall Limited in 1999, and it is the only law firm in New Zealand that has specialized exclusively in international trust and tax planning.

Connect with Cone on LinkedIn

Marc Sparks Transforms Office in Order to Transform Startups

A recent article about Marc Sparks revealed that he is up to making some changes in his office. In fact, Sparks decided to leave his office after 14 years in the same location.

The owner of Timber Creek Capital, LP, has a big vision for this new office space and for the entrepreneurs that he plans to impact. This new office space is designed to make collaboration easier on projects for the startups that Sparks and his team work with.

The private equity firm is focused on helping startups to get off the ground and become revenue generating machines. The firm owner calls this the “incubation period”, in which the business model is formed and the ideas to make it come to fruition are birthed.

This all takes place in an environment which Sparks now refers to as “more collaborative”. Sparks is so confident about the work-space where these ideas are born, that he says it makes up 25% of everything that it takes for a startup to launch and build momentum.

The Texas office location for Timber Creek LP is often referred to as the “hub”, where nearly every aspect of the business can be assisted with accounting, legal, customer service, and many other facets of their business.

Sparks has vast experience in business and knows what it takes to become an entrepreneur, and he shares that in his book, They Can’t Eat You. Sparks knows that experience means a lot when starting a business, and he shares his struggles and how he got through them in his book to help these young startups.

Sparks is active in Habitat for Humanity, but he also has his own organization called Sparkey’s Kids, in which he donates one thousand laptops specifically for at-risk children through American Can! Academy.

NFL Betting For Everyone

Now that the NFL season is in full swing, fans all over the world are excited about every single possible aspect of the game. They are excited about seeing how their team performs and if they will win the Super Bowl. They are excited about seeing how their fantasy football team does. There is also the betting aspect of the NFL that really gets people going. Last night, there was an exciting game on Monday Night Football between the Saints and Falcons, which featured a lot of points scored. Many people were glued to the TV to see what the final point spread was going to be when the game came to an end.

Now, more than ever, people are watching every single game and getting involved in all the different aspects of NFL odds and betting. They are taking it to the next level and they are picking up as many magazines as they can and reading as many websites as possible to get a feel for what is going on and what is the best bet to place that is going to get them the most money out of a particular game or a series of games.

It is important to have things like this in people’s lives, as it gives them something to look forward to, something to care about, and something to have passion about in their day-to-day life. The real bettors, however, know that the place to go for the right information, expert analysis and the best coverage is Covers.com. They are the website that is doing it right and they give up to the minute information on everything and anything someone needs to know before they place a bet on any game.

This website is one hundred and ten percent legitimate and they have every single angle of sports betting covered. They even have videos on their website and they break down each and every single game, no matter if it is between two powerhouse teams or two losing teams. People are placing all sorts of bets these days. Sometimes, they can spend their whole Sunday just watching football and changing the station to game after game.

Goettl Air Conditioning Keeps A Local Focus

Goettl air conditioning started operating in Arizona in 1940. The company has a long history of happy customers and important innovations in the Air Conditioning industry. As technology has changed between 1940 and now, Goettl has been at the forefront of service and equipment enhancements. Up until For many years they have been locally owned. Up until just over a year ago the company even manufactured their own AC equipment. That branch of the business was dropped due to overseas competition.

Goettl Air Conditioning sold to Tenn. contractor

However, according to a recent East Valley Tribune article,Gottel may be doing more than just servicing other brands of Air Conditioners in the near future. An ARS/Rescue Rooter spokesperson was quoted in the Tribune article as saying that they may be reinstating the manufacture of the Gottel air conditioning units. ARS/ Rescue Rooter purchased the company and added it to their expanding portfolio. They own locally run business across the United States and the District of Columbia.

Although the ownership has changed hands, the local management has not. The company is still being led in Tempe by Dan Burke, the former president, and ARS/Rescue Rooter southwest division vice president Ken Goodrich. The staff and crew will also remain the same. The same outstanding service and quality of work will be expected.

The new ownership means expanding opportunities for Gottel air conditioning. The possible revival of the manufacturing of Gottel units would be great for the company. There are benefits for the Memphis, Tenn, based ARS/Rescue Rooter owners.

Gottel Air Conditioning focuses on more than just Air Conditioning. They provide knowledge and service in areas such as Heating, Indoor Air Quality, Energy Efficiency, Commercial HVAC and Maintenance. They are experts at handling newer home installations due to the boom of housing in the valley over the last 75 years. Gottel is known for finding solutions for people who’s homes were built before central air was common. Swamp coolers and mini units are some solutions to keeping the heat at bay. The level of experience and expertise Gottel Air Conditioning has is exactly what drew ARS/Rescue Rooter to adding Gottel Air Conditioning to their portfolio.

The local Tempe management team is looking forward to another 75 years of serving the Phoenix Valley.

http://www.reviewbuzz.com/GoettlGoodGuys-Phoenix/

George Soros May Be In His Eighties But There Is Nothing Old About His Investment Style

“If investing is entertaining, if you’re having fun, you’re probably not making any money,” “Good investing is boring.” Those thoughts came from one of the most successful investors on the planet, George Soros. Soros is the rock star investor that broke the Bank of England in 1992 when he made $1 billion and his hedge fund made $7 billion betting that the pound sterling would lose value against the American dollar and the German Mark. Soros hasn’t stopped making big commissions since then. The 86-year-old George Soros still travels around the world promoting democracy and an open society. He may call America his home, but he believes he belongs to the world, or at least his opinions do. George tells it like it is when it comes to presidential elections, and investing in the global market. Soros is not happy with the European Union, and he thinks the British have lost their marbles by voting to leave the EU.

Soros attends economic summits, and he warns the world that a global recession is in the works. And, it could be as devastating as the 2008 financial meltdown. George Soros offered a plan to solve the migration crisis, and he warned the Greeks to stop spending money they don’t have. But people really begin to take notice when Soros buys and sells assets. George Soros got out of the investment business in 2015, but he returned in the first quarter of 2016 to manage his family fund, The Soros Management Fund. Only family money is in that fund and the total assets under management is $4.6 billion this year. Soros has been very vocal about his investments in the gold market, but what surprised some investors was his second quarter sale of three solid biotech companies.

Read more: No, George Soros Didn’t Give $33 Million to #BlackLivesMatter

Some investors follow Soros no matter what he does, but there are some hedge fund managers that think those three companies are moneymakers. The Soros Fund has 173 holdings, so dumping three biotech stocks doesn’t indicate that Soros is down on biotech companies. Liberty Broadband is Soros latest buy. The fund bought 8.9 million shares of that U.S. cable service provider. The Soros fund also bought 4.1 million shares of Rovi. Rovi is involved in the discovery, display, delivery, and monetization of digital entertainment. His investment in SPDR Gold and Barrick Gold were big news in 2016. Soros also bought shares in Communications Sales and Leasing, a real estate investment trust. And Soros got in on the new push to invest in Argentina when he bought 1.4 million shares of Grupo Supervielle.

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