All we seem to hear about now in international tax law is the crackdown on U.S. persons and U.S. resident aliens being subject to substantial criminal and civil penalties for failing to report overseas assets. As such, this may seem like an odd time to publish an article on foreign trust planning. But this article addresses the legal way to avoid capital gains tax through fully disclosed transactions. Therefore, the scandals emanating from U.S. persons holding assets in foreign institutions such as UBS and Bank Leumi do not affect the planning techniques discussed in this article.
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