Transparency and co-operation in the international trusts industry
It is, perhaps, unsurprising in a UK General Election year that tax transparency and tax information exchange continue to inform a fair amount of debate at the moment. As it evolves, this debate has demanded a real focus for those working both in International Financial Corporations (IFCs) and in the wider trust sector, with both communities often finding themselves in the frame when it comes to some of the political rhetoric and misinformation relating to secrecy, illicit financial flows and their supposed links with IFCs and trust structures.