Is Financial Privacy Really Dead | Bosco Conference

Learn more about financial privacy in 2021!
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Jonathan L. M. Shaw, Barrister-at-Law at Corporate & Chancery Group, spoke about financial privacy in 2021.
Shares are personal property and, as such, are taxable. In particular, the owner of the shares can be quite taxed when he sells the shares at a profit. It can also be taxed on any dividends that the stock yields. Unless, of course, the company is registered in a tax-free jurisdiction, such as the Cayman Islands, Monaco, Bahamas, Turks and Caicos Islands, British Virgin Islands and the UK family of jurisdictions where tax is not levied.
However, if shares are a major issue of ownership, control and taxation, is it possible to ensure that the shares do not exist in the company?
These are limited liability companies without share capital.
Today these companies tend to be non-profit organizations, in many cases charitable and used by friendly societies and small clubs. Unlike trust companies, the investor is given control over their assets in the company.
Essentially, the investor signs a guarantee for a certain amount, which he will pay to the liquidator in the event of the liquidation of the company. He then becomes a member of the company, whereas in a limited liability company he becomes a shareholder by purchasing shares. Now that there are no shares, he is just a “member of the company”.

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00:00 Intro
00:21 Speaker's Greetings
01:10 About financial privacy
04:58 About limited liability
06:50 The problem with owning shares
08:30 About trusts
13:30 About the company limited by guarantee
19:22 UK Guarantee Company Structure

#boscoconference #taxplanning #companylimitedbyguarantee

Видео Is Financial Privacy Really Dead | Bosco Conference канала Bosco Conference EN