Goeffrey Cone: New Zealand is a Tax Transparency Model

Geoffrey Cone is a graduate of Otago University in New Zealand. He has a post graduate diploma in trust and tax law and a Bachelor’s degree in Law. In 1980, he commenced his practice in Auckland, New Zealand. He then went on to Christchurch where he became a partner and the Partner’s Chairman in a Law Firm. He practiced trust and tax advisory as well as commercial litigation. Geoffrey has appeared in numerous court cases concerning tax and trust law as a chief counsel. For over two years, Geoffrey Cone worked as a litigator for the British West Indies Law Firm. Before moving out, he founded his law firm in 1999. The cone Marshall Limited, his law firm, is the only law company in the country that specializes in exclusive tax planning and international law. The company provides trust and trustee management services through their conglomerate of enterprises.

 

In a recent media release, the coverage portrayed New Zealand as one of the most prestigious places in the world for foreign trusts. For this reason, this news is mouth-catching. For any high-net-worth individual, it all sounds like the most attractive places to take your capital and work on the complex financial transactions. As a matter of fact, this news was misleading.

 

First of all, let’s look at the main question. We should understand that New Zealand is not a tax haven as the media recently displayed. The OECD has a list of tax havens maintained in their records. For this reason, New Zealand has no appearance in the list of tax havens. To the future, we do not expect the country to turn into a tax haven. Following the news release, the information was biased and misleading. The main characteristics of tax havens are that they never impose any taxes on businesses conducted in the countries. The countries lack transparency. According to OECD, the tax havens inhibit information exchange to enforce and administer domestic tax regulations. One of the first countries to appear on the whitelist of OECD is New Zealand. The country has enough implementation of the agreed international tax standard.

 

The transparency of tax information depicted in the country makes it the leader in tax transparency. For this reason, they have a set of procedures followed to handle trustee requirements and foreign trusts. Governments and state agencies can find any necessary information upon request. Michael Cullen, the former president of the country, introduced the present tax regulations in New Zealand. Under his rule, a resident trustee in New Zealand or a foreign trust should submit a Trust Foreign Disclosure form by the IRD. This helps the country keep the information about your business in the public records. They include distribution and settlement details, trust deed, and trustee liabilities and assets settlements.

Eric Lefkofsky: The Story of a Self-Made American Billionaire

When some people hear the name Eric Lefkofsky, they might think of Tempus. Tempus is a data-driven company that seeks to help doctors give personalized advice and treatment to their patients. The technology goes beyond anything doctors could have imagined before. It is based on big data software that collects and analyzes data from each patient to produce specific choices. This allows doctors to help patients a lot faster and in real-time. It also opens up the opportunity for doctors to treat patients remotely, which should be convenient for cancer patients who may be suffering from limited mobility.

 

Lefkofsky became a household name amongst physicians when he introduced the Tempus software. Most experts believe that this program is meant to revolutionize the way patients receive care, among other things.

 

The man has been a visionary since he was a young man. Of course, like others in his family, Eric Lefkofsky valued education. This prompted him to finish school and get his phD from the University of Michigan. His education was merely something he wanted to have in his back-pocket because what he was really interested in entrepreneurship. The first thing that he attempted was a shirt company based in his hometown. This proved to be harder than he imagined, but Lefkofsky learned valuable lessons. Sure, his business was not as successful as he might have hoped for, but it provided him with the money to try other ideas.

 

The entrepreneur decided to try another business with the help of a friend. The idea was to simply gather information from different stores and present them to the public in an smart-computability fashion. A few people might not have believed in this young man, but he proved to be a force in the entrepreneurial industry. Lefkofsky (Forbes) is now worth about $1.7 billion, and this wealth was achieved at a young age. The little business that proved to be quite successful was Groupon.

 

Lefkofsky is only in his 40s, and he is already on his next project. This drive to always better himself and challenge himself is something that he learned from his parents. Both were highly educated and valued the power one person can harness with enough determination. The project that he is tackling now, Tempus, is already looking like a positive gamble.

 

Another gamble that he took after Groupon was Uptake. This company seeks to use big data information to help businesses improve in different ways. The powerful software helps identify issues, weaknesses, and tries to improve them. One aspect that many take away from Uptake is that the system helps the companies improve safety. This drive to help people could have been predicted, especially if one knows Lefkofsky’s parents, who were bent on helping people in any way possible. His father works as an engineer and his mother works as a school teacher.

 

It is clear to see that Lefkofsky’s switch towards big-data information to help his fellow human beings might have been due to the way he was brought up. Of course, it might also be clear to those who see that he is an active philanthropist. There is definitely much more to Lefkofsky than what some might think. Hopefully, these accomplishments help enlighten those who don’t know much about the self-made billionaire.

Find Lefkofsky on Facebook to keep up!

How Cone Marshall Has Climbed Through Ranks To Emerge A Leader

Law is a diverse field that has developed for many years and firms across different countries have come up with services that have helped individuals to get its interpretation. The New Zealand law system has been having unique players and one of them is Cone Marshall, which has been in the business since 1999. The firm has been offering litigation support to cases of estate and tax law. Most of the clients who have been working with Cone Marshall since past few years are from overseas locations.

 

To make it to the international market, Cone Marshall has come up with new services that are supporting the growth of a service that is designed to benefit its clients. It would take as many as one month to solve a problem when the firm was established, but today with the advanced tools and professionals the firm works with, it is able to offer solutions within less than three days even to complex problems.

 

This success has attracted the attention of clients from other countries and most of them are attorneys who would like to get solutions to commercial litigation problems presented by their clients. Through an advanced online system, filing has become easy and stronger. Access to information has been advanced to ensure clients can track the progress of their work easily.

 

Cone Marshall has also worked on installing a strong security system that has supported the execution of different processes online. To ease all processes, Cone Marshall has invested in offering training to its staff. Having familiarity with the new system has allowed them to offer better solutions at a speed that has allowed their clients to receive support within the right time.

 

Leadership

Every change that has been made to Cone Marshall has come from great leadership and the will to develop a strong firm dedicated to resolving complex cases of commercial litigation. Cone Marshall works with professionals who have been in the industry for more than three decades.

 

Karen Marshall has remained a great resource to the firm for her exemplary support that has allowed the development of a smooth infrastructure. She worked in Britain for 10 years handling commercial litigation before she was appointed a Principal at Cone Marshall in 2006. Karen Marshall has been working with George Cone, a professional who has been in the industry for over 30 years and a founding member of the firm, to come up with progressive policies and ideas.

Brian Bonar Considers Trumps Student Loan Pre-election Plan

According to financial expert, Brian Bonar, there may be hope on the horizon for college students faced with the student loan debt. President-elect, Donald Trump has proposed capping interest rates on student loans.

A generous 12.5 percent cap has been discussed, as well as streamlining the entire U.S. Department of Education system. Trumps pre-election proposed plan would include linking student loan payments to income, and forgiving a balance, if any, after 15 years.

“There has only been a strong hint to what President-elect Trump will do to make college more affordable, and this remains to be seen” says Bonar. The student loan program could be up for privatization, but Trump would need Congressional members to pass such a deal. “Student loans are a hot topic yet any new deals between Trump and Congress are going to be a major test in cooperation,” adds Bonar.

College Financing Today

US college graduates have accumulated a combined $ 1.2 trillion in student loan debt, and one in four borrowers are overdue more than 90 days in their payments. The bulk of student debt (80%) is guaranteed by the Department of Education. Students that default on their loans leave taxpayers footing the bill. In the last five years, student loan debt has increased by $448 billion dollars.

College students typically graduate with average loans of more than $30,000. Add to that the fact that many graduates struggle to find a good paying full-time job after graduation, and it becomes easy to understand how students are facing this crisis. Currently, there’s a student loan payment plan, signed by President Obama that charges 10 percent or less, according to income, but its only available to loans signed after October 2007.

So, what options does one take when college hangs in the balance? Financial expert, Brian Bonar says students must make tough decisions. Attending a less expensive university, or perhaps the first two years of undergrad school, students can attend an affordable local college then transfer. “Typically, aspiring students don’t consider the challenges of paying off a college education. They don’t choose the affordable options,” says Bonar.

Brian Bonar is the CEO of Dalrada Financial Corporation in California. He’s a uniquely qualified expert that has founded several companies and for nearly 30 years enjoyed a highly successful career. Bonar uses his experience, leadership and exposure to financially savvy clients to produce innovative strategies that streamline costs and boost productivity.

EOS Lip Balms Extraordinary Success

For a long time, chap stick was the typical cylindrical tubes, and then there were options to get them in different flavors. But about seven years ago, a new lip balm started to spiral everywhere. Suddenly, pastel colored lip balms called EOS were everywhere! These orb shaped lip balms were flavored and Beauty editors from cosmos and Allure kept on and on about the lip balm and their grape and honeydew flavors. . Celebrities such as Kim Kardashian, Miley Cyrus, and Christina Aguilera were caught using the new product. These little EOS balms were starting to fill the shelves at Walmart, Walgreens, ULTA and eBay (http://www.ebay.com/bhp/eos-lip-balm), and they were selling rapidly. People couldn’t seem to get enough of the cute little EOS balms.

The EOS company name is short for ‘Evolution of Smooth.” And this products name started booming everywhere from commercials to magazines. EOS lip balm stayed silent about their successful brand until now. They recently did an interview with Fast Company, and they told their success in the $250 million company. According to Kline, a consulting and research firm, EOS is the second best selling lip balm in the country! The EOS lip balm sells an average of 1 million units in a week! The Global lip care market estimates that lip care products will increase to $2 billion by 2020. There is a driven demand for natural and organic products, which is perfect because EOS lip balm is exactly that! The co-founder and managing partner Sanjiv Mehra explained that during the start, they wanted to keep quiet and focus on creating their products and distributing them before they spoke about it. Mehra states, “As we’ve grown, we believe that it is important for consumers to know a little bit more about the business we are and the values we stand for.”

https://www.fastcompany.com/3063333/startup-report/the-untold-story-of-how-lip-balm-upstart-eos-outdid-chapstick