Offshore Asset Protection Trusts: Tax Planning or Tax Fraud?
- 1 March 2001
- journal article
- review article
- Published by Emerald Publishing in Journal of Money Laundering Control
- Vol. 5 (1) , 9-15
- https://doi.org/10.1108/eb027289
Abstract
For someone seeking to place his assets out of the reach of creditors, Offshore Asset Protection Trusts (OAPTs) offer the potential settlor secrecy, control, choice of law and jurisdiction, and favourable taxation. While many legitimate entities make use of the benefits of OAPTs, criminal entities have also seized upon them as a means of furthering their crimes.Keywords
This publication has 0 references indexed in Scilit: