New Zealand is a Tax Transparency Model

In the recent past there has been a number of media coverage on the foreign trusts of New Zealand that portrayed the country like a sexy thriller of wealthy people, exotic lands and intricate financial deals. However, the truth in as much as tax is concerned is a bit mundane. Geoffrey Cone, a lawyer, responded to the foreign trusts feature carried on the previous week. Geoff stated that it is important to first of all confront the huge elephant in the room: whether New Zealand is a tax haven. The simple answer is that it is not. There is a list of the various tax havens in the world maintained by the OECD and New Zealand has never featured on it and has slim chances of ever featuring in it.
Tax heavens have distinct characteristics whereby they only impose zero or only the nominal taxes. They also lack transparency and their procedures or laws inhibit exchanging of information with the other governments. New Zealand does not qualify for all the above grounds and it does not have a high secretive private banking industry. There is a gold standard of transparency referred to as the 2002 OECD Model Agreement on the Exchange of Information to do with tax matters. It supports the exchange of information internationally to enforce or administer domestic tax laws. New Zealand appears on the white list of OECD for been among the first countries to implement the international tax standard.
The way New Zealand handles the foreign trusts and all the requirements meted on the trustees is a demonstration of its leadership. They all go towards helping other governments get the relevant information they request for. There were some new rules introduced to govern this area by Michael Cullen back in 2006 after broad consultations. Under the rules, a resident of New Zealand foreign trust trustee ought to submit to the IRD a Foreign Trust Disclosure form (IR607).
About Geoffrey Cone
Geoffrey Cone is a graduate of the University of Otago in New Zealand. He graduated with an LLB (honors) and a post graduate diploma (tax and trust Law). He started practicing in the year 1980 in Auckland, NZ before moving to Christchurch. It was here that he became a partner and Chairman of Partners in a top law firm. Cone was involved in commercial litigation and tax and trust advisory. He attended courts in all levels that included the Privy Council as the lead counsel. Having worked as a litigator for about two years in the British West Indies, he returned to Auckland in 1997 to practice there and opened his own law firm in 1999. Geoffrey Cone’s firm, Cone Marshall Limited, is the only law firm in New Zealand that specializes utterly in International trust and tax planning. It offers trust and trustee management services through several affiliated companies.

Learn more: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10846049

Gooee LED Lighting Works Very Well

Make the most of your home by using Gooee LED Lighting. Gooee LED Lighting is not only practical, but a beautiful way to spruce up your rooms. With this type of lighting, you will also find that you can have a lower, electric bill.

Choose The Right Gooee LED Lighting

Take a look at the rooms in your home. If you need to write down what you are looking for, that is fine. Make sure that you are placing the Gooee LED Lighting in the place that will give you the most light.

Gooee LED Lighting Pricing

There are a variety of Gooee LED Lighting products to choose from. Be sure that you shop around for the various products to find the one that will fit in with your needs. Since the Gooee LED Lighting sometimes has sales, it is a good idea to take advantage of them. You may also find promotions from time to time, and this will also assist in bringing the price down.

Gooee LED Lighting makes an excellent addition to your home. Use the Gooee LED Lighting correctly by following the instructions in the booklet that comes with it. The company backs the Gooee LED Lighting products completely. They make them in the best way possible. Gooee LED Lighting also has a customer service line that you can use for any questions that you might have about them.

Securus for Amazing Prison Communication

If you have ever had a loved one in the prison system, you know how difficult it can be for you to keep in touch with them on an everyday basis. This is why, as the video above has suggested, Securus is one of the best companies out there in terms of Video Communications with people in prison. This is a great company to make you some and I have used it myself in the past when it comes to keeping in touch with loved ones who I simply cannot see face to face as often as I would like.

 

Securus is unlike any other company that you might have used in the past. What security features is video communication which enables you to have video chatting sessions with people who are looking for great help with this specific feature. If you have ever struggled in the past to keep in touch with a loved one who is behind bars, Securus can make your life a lot easier and enable you to connect with that person as often as you would like through video messaging services. This is an affordable service that you will find incredibly beneficial on your own part as well as your loved one’s part.

 

It is never a great idea to think about yourself ever needing a system like Securus. No one likes to think of their loved ones behind bars, but the harsh reality is that things can go wrong very quickly and this may be the situation you are in before you even know it. This is why so curious makes it easy for you to keep in touch with that loved one whether they are a friend or relative of yours. I have personally had great success with using securest and continually recommended to people of all kinds and prison families all across the country. I feel I can truly help people to keep in touch with their loved ones in an easy and efficient manner.

 

There has never been a better time for you to check out Securus then right now. You can video message your loved ones each and every day as you see fit and this can allow you to have a deeper connection that you might not have even had outside of the prison system. I will continually recommend this service to many people because I feel it is truly beneficial to prison families all across the nation.

 

Sources:

Securus

Securus Video Visitation – Everyday from Securus Technologies on Vimeo.

Fabletics Continues Its Rapid Expansion Across The United States

Just three years earlier, co-founders of popular subscription-based company JustFab, Don Ressler and Adam Goldenberg, teamed up with celebrity Kate Hudson. They joined hands to create an idea of an activewear brand that would target women customers. According to the plan, Kate Hudson would become a brand ambassador to attract thousands of ladies who already loved Kate’s active lifestyle. As a result, Fabletics was born.

Launched in October 2013 as an athleisure activewear brand, the model was based on subscription where subscribers would get exclusive access to member-only inventory. After three years, the idea has turned into Gold generating revenues in access of $250 Million. As the subscriber base continues to grow, Fabletics has also introduced menswear as part of its product-line. Soon, customers will also see swimwear and dresses. However, the new product range will also be introduced across various retail outlets of Fabletics in the United States.

Regarding retail outlets, the company initially opened five stores in popular shopping hubs in the United States. According to the management, they wanted to gauge the response of customers before breaking the news of expansion. As customers continued to pour in, Fabletics has finally decided to announce that it is going to open nearly 100 stores in the next few years. Perhaps, this is not the first time that a company has experimented with both online and offline models. Earlier, Amazon was also highly successful in integrating both sales channels. Some analysts believe that if the trend continues, we may see yet another Amazon-style success story.

According to the President of Retail, Gregg Throgmartin, the online sales for the company are very strong. In fact, the success of subscription based services has inspired Fabletics to open retail outlets because some customers want to feel the fabric. Likewise, it is customary for many customers to go in the store to try the outfit before using their membership perks to buy the outfit at substantial discount on the Internet. Regarding these perks, it is also notable that online subscribers of Fabletics get almost 50% discount on some of the most highly anticipated activewear.

Recently, Adele Chapin at Racked.com reported that Fabletics has issues with subscribers who complained that they were charged for the services, which they did not opt. Responding to such allegations, CEO of Fabletics, Adam Goldenberg explained that the growth of Fabletics meant that many subscribers weren’t aware of the online subscription model, therefore they felt cheated. To rectify the problem, the company has implemented several new initiatives. For instance, the new feature “Skip the Month” allows subscribers to skip the monthly charge if they did not avail any service during a specific month. Accordingly, Better Business Bureau has also confirmed that the number of complaints against Fabletics has decreased significantly.