Taxation of Trusts, Foundations and Similar Arrangements in a Global Setting

Taxation of Trusts, Foundations and Similar Arrangements in a Global Setting is an exceptional book that offers practitioners extensive global coverage of direct taxation of trusts and foundations, wealth taxes, procedural matters, philanthropy, and international tax planning. One of the most complex areas of tax practice concerns the interwoven area of trusts, foundations and similar arrangements, particularly when an international element is involved.

Eminent authors and practitioners have contributed to this compendium offering both theoretical and practical perspectives. This edited volume provides clear and accessible guidance on the following taxation issues and topics:

• trusts and private international law;
• trends in domestic taxation of trust and foundations worldwide;
• trusts and abuse in a domestic law context;
• tax treaty interpretation issues;
• special tax cooperation agreements;
• trusts and value-added tax;
• effect of the proposed Business in Europe Framework for Income Taxation (BEFIT) Directive;
• flow-through entities and the OECD Pillar Two;
• transfer pricing issues;
• philanthropic holding foundations; and
• special focus on jurisdictions unfamiliar with trusts and foundations.

Tax lawyers and other tax professionals will gain a comprehensive understanding of how trusts and foundations are taxed across different jurisdictions and confidently navigate complex taxation issues, including often-overlooked and cross-border aspects. The essential insights of this book will also prove invaluable to academic research, policy development, and practical tax decision-making in a globalized environment.