Wealth Planning Goes Back To The Future

2015 sees the 30th anniversary of the original Back to the Future motion picture and, rather disappointingly, we have not seen the introduction of flux capacitors, flying cars or even the "hover-board". So what has changed since 1985?

Attitudes have changed. The Thatcher years have ended, but the consequence of those years was a sustained period where the economies of first world counties generally boomed and, as they did, big businesses and some beneficial wealthy sought to lower (at best) or evade (at worst) their tax responsibilities. Since the onset of the global recession, indebted governments require every penny of tax owed. Consequently, offshore finance centres have been too readily used as scapegoats for political expediency by leaders of world economies who have been clamping down on tax evasion and avoidance.