Cone Marshall And The Services They Offer

Cone Marshall is a law firm. It works in conjunction with global families together with their advisors. It helps by establishing trust in New Zealand companies and partnerships. It also offers worldwide advice on wealth planning. The firm does not work with individual clients. Learn more about Cone Marshall: http://www.iclg.co.uk/firms/cone-marshall/geoffrey-cone

They work with family advisors, attorneys, private banks, and other institutions located outside New Zealand to help them on how to plan for their customers. Cone Marshall has set up New Zealand structures and offers trust, complete local tax, structuring advice, and succession. They maintain all confidential inquiries. They are guarded by legal professional privilege.

Cone Marshall has come out as an encouragement to many people due to the nature of work they do. This is according to an article on Hacronym about foreign taxes in the practice of law. The company has become New Zealand’s most prominent international and trust planning firm through the determination and hard work of Karen Marshall and Geoffrey Cone.

Geoffrey Cone’s counseling and litigator experience have assisted him to establish the firm to the vision they had in place. Cone Marshall was founded in 1999 by Karen Marshall and Geoffrey Cone. The company has since then continued to establish plans for international tax for over 17 years while retaining the same Excellency standards.

You first have to know the tax transparency of New Zealand before you clearly understand Cone Marshall. Nations that have tax transparency are involved in the international information exchange so as to enhance domestic tax laws enforcement.

This is what motivated Karen Marshall and Geoffrey Cone to start the firm. Cone Marshalls ensures that there is transparency in tax returns in New Zealand. This is why many companies have put their trust in them since they believe in the mission and their capabilities. The firm has also assisted many family advisors on how to go about certain law cases

Crunchbase reported that Cone Marshall has a team of employees who are very skilled. They know about issues regarding the law and tax. This has also contributed to the success of the company and has made it the firm to go to for many attorneys, legal advisors, and other law firms.

The Firm also takes pride in the reputation it has acquired for the over 17 years that it has been it law industry. It also attributes its success and growth to the real leadership of Geoffrey Cone and Karen Marshall.

Geoffrey Cone: the Cone Marshall Partner who Works with Global Families

Geoffrey Cone is an Otago University graduate; from New Zealand (LLB Honors). He also holds a post-graduate diploma in Trust Law and Tax. He commenced Law practice in 1980 in Auckland, New Zealand, and then moved to Christchurch as Partner and the Chairman of Partners. There, he specialized in tax and trust advisory, and commercial litigation work as leading counsel in the courts, including the Privy Council. Geoffrey also worked as a litigator in the British West Indies for two years.

 

In 1997 he returned to Auckland, where he established Cone Marshall Limited in 1999; the sole law firm in New Zealand to specialize in International Trust and Tax Planning. Cone Marshall offers trustee and trust management services through its associate companies. The office is situated at Parnell House, Auckland, New Zealand. Geoffrey and his American wife Sarah bought a 2.5ha Casa Marron property in Uruguay, five years ago, in an old fishing town in South America. His wife Sarah describes it as the perfect mix of rural and glamor due to the stunning modern houses on dirt roads, world-class restaurants fused with roadside vegetable plunks, and heavenly beaches.

 

Lawyer Geoffrey Cone’s feature on Foreign Trusts-New Zealand Herald Business News

 

The OECD Agreement on information exchange on taxation; a gold standard rate for tax transparency conforms to the international information exchange, to implement domestic tax laws. New Zealand is a significant pioneer on the OECD’s white list for implementing the international tax standard. The country has a reputation for demonstrated exceptional leadership regarding tax transparency, by handling foreign trusts to assist other governments that ask for relevant information.

 

Michael Cullen introduced new Zealand Tax rules in 2006. Under the NZ government, a local trustee of a foreign trust is obligated to present a foreign trust form (IR607) by the IRD and to maintain financial records for tax purposes. The required details include the recipient’s name and address, the trust agreement, settlements facts and distributions particulars of the trust’s assets/liabilities, and the trustee’s money. If the client runs a business, the trustee should maintain accounting systems, and records in English. Contrary to do so may attract heavy fines. These laws were improved by the passing of the world money laundering standard laws in 2011.

 

New Zealand has double tax contracts intended to cut tax impediments to cross-border trade and investments, and also to prevent fraud.  Foreign trusts are mostly used for asset succession, protection, and planning. New Zealand is renowned globally as a secure, high-quality government with revered legal structures. Their respected foreign trusts professionals help to improve the country’s status in the OECD, and the world’s taxation experts. She also competes with tax transparent governments such as the U.S, Singapore, and Britain because they have parallel taxes principles concerning foreign trusts.