Expanded Worldwide Planning (EWP) At Its Best
White Paper-Part 1
The authority of Expanded Worldwide Planning (EWP) has been firmly established. Wikipedia has recognized our knowledge-based solutions for wealthy families by including the concept of EWP in their article on International Tax Planning. On this Wikipedia page, the six principles of EWP are explained.
EWP is defined as:
“An element of international taxation created to implement directives from several tax authorities following the 2008 worldwide recession.”
The six principles of EWP are: privacy, asset protection, tax shield, succession planning, compliance simplifier, and trust substitute.
The Wikipedia article goes on to say,
“EWP allows a tax paying entity to simplify its existing structures and minimize reporting obligations under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These international assets can also comply with tax authorities worldwide.”
We are taking a cue from Wikipedia. Our white paper features the six principles of EWP. EWP has the six principles that matter most to wealthy families throughout the world today—no matter where they are located. They are the building blocks of any successful asset structure.
Read full article in our partner site.
by Michael Malloy, CLU TEP RFC, @ Advanced Financial Solutions, Inc
