CFC’s new anti-tax avoidance provisions are on the way
2024/11/7 Thu.
Timeless International Family Office (15F-2, No. 156, Section 3, Minsheng East Road, Songshan District, Taipei City)
Timeless International Accounting Firm
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Share content
- What are CFCs? When are they taxed?
- CFC income tax calculation and filing methods
- Common CFC types
- Impact and issues on individuals and businesses
information
- 【Date】2024/11/7.Thu
- 【Time】14:00~16:00 (admission opens at 13:30)
- 【Location】Timeless International Family Office (15F-2, No. 156, Section 3, Minsheng East Road, Songshan District, Taipei City)
Case Sharing
Entrepreneur Ms. Li
- Tax status: Taiwan
- Family background: I am 55 years old, my wife is 45 years old, and we have 2 children.
- Family situation: My wife is a housewife and currently lives in Taiwan. My two children are 18 and 21 years old, both of whom are studying in the United States.
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Motive: Mr. Yang was unfortunately diagnosed with a stroke. He was worried that an accident would happen one day and that his wife and children would not have the ability and experience to manage assets and would be unable to protect their lives.
At the same time, if you transfer all assets, you will also face various heavy tax burdens. - Asset types: real estate, stocks and cash in Taiwan and China
Solution
- Arrange Tianshi accountants and professional consultants to further understand Mr. Yang's assets, tax planning and asset allocation.
- Set up an offshore trust for succession planning. The property trustee is Mr. Yang himself, the protector is his wife, and the beneficiaries are his wife and two children.
- Assets such as cash and stocks will be transferred to the trust to avoid bequest taxes upon current and posthumous ownership transfers.
- Customize a fixed income value-added plan to arrange follow-up life security for your family to reduce the living burden of your future wife.
- Each beneficiary will be assigned a trust asset-backed credit card, which can be used to pay living expenses, study abroad fees, purchase related financial products or pay for solution service fees around the world.
