Tax Planning - The Gibraltar Link

Does tax planning still work in a world of Tax Information Exchange Agreements ('TIEAs'),' ever stricter compliance and KYC regimes, a focus on taxation on the wealthy and the targeting of tax havens? The new private client and wealth preservation environment has come about in recent years as a result of a succession of paradigm-challenging events, namely the collapse of world's financial markets in the wake of Lehmann Brothers, loan defaults, rising unemployment and explosion of sovereign debt issues leading to bailout after bailout of ailing European economies. All these factors have combined to deliver a death blow to the last remaining shreds of confidence in, and a tightening of, international money markets, a series of events which has brought the management of private wealth into sharp focus.