There are few actual philanthropists in the world. A philanthropist is somebody who actively works to improve the human condition. This could manifest as the fight against poverty or social injustice. In the case of Halvorrsen, he is a human rights activist who founded the organization known as the Oslo Freedom Forum. One of the primary objectives of the Oslo Freedom Forum is to encourage people to think about the woes of their fellow man no matter where they are in the world. People can be a little to ethnocentric, focusing too much on the struggles of their own nation. Halvorrsen recognizes that everybody has basic rights, especially those who are struggling against tyrannical, socialistic governments. For those who have never seen the effects of socialism, Halvorrsen could offer a few points.
Socialism Could Be Seen As A Form of Slavery
A slave is somebody who is forced to work for little or no money. In the United States, there is a reasonable tax system that allows the government to pay for a police department, roads, and all of the expenses that come with the ruling of the nation and the individual states. But this system could be vulnerable to abuse if the people could be swayed to surrender their earnings only to have the government distribute it at their own will. In an absolutely socialistic economy, this would be the case. A university professor might not make as much as a waiter or a gas station clerk because the government allotted this individual a bigger allowance.
There Is No Competitive Marketplace
With the central government deciding the prices, there is no competitive marketplace. But a competitive market is the very reason that there are so many advancements. If Verizon sees that Sprint is offering some feature that they do not have, Verizon will need to add that feature and another one to draw customers in. But in a socialistic economy, there is no reason for them to make these advancements.
Halvorrsen argues that a socialistic economy is a poverty-stricken economy. He thinks that one of the most effective ways to campaign for human rights is at the governmental level, fighting the root of the problem that causes so much injustice.
The Cone Marshall is a law firm that is based in the Southern Pacific country called New Zealand. The people behind this firm that deals with tax trust management as well as tax trust are Geoffrey Cone and Karen Marshall. The two are from New Zealand. The law firm has its headquarters in Auckland and is known for specializing in other services than the mentioned ones such as tax confidence as well as trustee services to several companies. The founders of this firm are very experienced and can boast of perfect winning record. For instance, Karen used to work in the litigation department of a law firm based in London before being fished by the Cone Marshall in the year 2005.
One year later after joining the firm, she was appointed to become principal of this firm and her main responsibility was to offer some advice to the statutory trustee companies. She was appointed to this position due to her experience when it comes to trust management. On the other hand, Geoffrey Cone, the co-founder of Cone Marshall is very experienced when it comes to tax law and trusts. He used to work in the UK before moving back to Auckland; he specializes in international tax, trust planning as well as trust management activities.
Recently, Geoffrey Cone disagreed with the media reports that New Zealand is a Tax Haven and offered some of his insights why the country is not one. He said that the country lacked a private, secretive banking industry that accompanies a tax haven. He also stated that the transparency within the New Zealand government hinders the country from being called tax haven. Tax records are well kept and are easily exchanged with other governments upon a request. He also said that the penalties that follow noncompliance are a sign that New Zealand is not a tax haven and will not feature in the near future.
Cone talked about the new rules by Michael Cullen that requires an individual to provide details about their deals. Under his leadership, Cone Marshall has managed to become one of the most successful law firms in New Zealand specializing in international and wealth tax law. He further discredits the reports by the New Zealand media about the country being a tax haven by talking about the records that must be kept and worst of all in the English language. To become a tax haven, New Zealand has to do more that its currently doing.
Litigious is the perfect word describing law in Brazil. Every small issues is forwarded to the courts, making cases accumulate and just getting delayed.
Brazil is known to have the highest number of law schools in the world. In fact, they have more laws schools than the whole world combined. The result is a high number of lawyers produced every year. There are more than 800,000 lawyers in the country. In addition, there are 16,000 judges in the country, meaning a high number of vacancies in the public law sector.
The reason why most people opt to go private, despite the very attractive starting salary in the public sector, is because of the long processes and the large load work. In Brazil, some simple cases take up to four years, in court, before they can be adjudicated. Leite is one of the most respectable private law firms in Brazil. It is owned and headed by Ricardo Tosto.
About Ricardo Tosto
Ricardo Tosto is one of the most influential lawyers, changing the face of Brazil law. His is a story of grass to grace. He started a small law firm in Brazil, which has now grown to be one of the most respectable litigation companies in the nation. Individually and through his law firm, he has pioneered change within the legal system of Brazil. He is known for handling highly-sensitive cases, involving politicians, the government, companies and multinational clients. Ricardo has successfully passed on knowledge to other players in the legal system. Since the inception of his firm, he has taken in, interns and mentored them to be his partners today.
One of the major reasons why people for Ricardo Tosto to help them through litigation processes is because of service personalization. Every case is handled differently from the next, depending on its particulars. On top of this, Tosto ensures that he overseas every case, even though indirectly. This along with innovative strategies has seen him win many cases for his clients. Also, it has made him be a big influencer for strategy changes in the legal system. Perhaps the reason why even the highly-esteemed politicians sought his help.
A lot of debate has been going on regarding New Zealand’s position when it comes to the establishment of foreign trusts. There are many people that have put forward the notion that the country could be becoming a tax haven for foreigners that have something to hide away. Well, the reality, according to Geoffrey Cone is that New Zealand is the furthest thing away from a tax haven. Geoffrey is the founder and senior partner at Cone Marshall LLC. The company, which he established in the 90’s now deals exclusively with foreign trusts and estate law.
Arguing out his case, Geoffrey states that the country has put in place measures to make sure that foreigners do not just sneak in and start investing in the economy. To be a foreign trust holder, there are countless rules and regulations one must comply with. These include filling out a tax disclosure form and handing it to the IRD. In addition, one must always keep a record of all the transactions they are taking part in, assets and liabilities, returns, income and expenditure and many others. All this information should be written in English and available on demand. The failure to comply with the rule leads to heavy penalties.
He states that these aren’t the practices that take place in tax haven because in tax haven, people just walk in and start putting money away. In addition, taxation on foreigners is not a serious affair and when it happens, it is a nominal amount, not related to the amount they are making.
The OECD is the body that regulates the international relations among the countries with regard to tax reporting. Geoffrey states that the body has long since awarded a white list status to New Zealand. This is an indication that the country is doing really well when it comes to reporting on tax. If the status of the country was not good, they would probably be talking about the country being on the blacklist.
Cone started his practice in 1999 after spending many years in litigation. After six years at the helm of the company, he was joined by Karen Marshall, who was previously a litigator in London. Karen became a partner the following year and the company got the name Cone Marshall. The firm specializes in foreign trusts and tax laws. They have moved from a small company to one of the most successful firms in New Zealand.