Beating the tax man

Looking for ways to avoid estate duty? We speak to an innovator in the field of life insurance.

As governments around the world run increasingly large budget deficits, so they are stepping up their efforts in tax collection. Asia is not immune from this as traditionally low-tax jurisdictions move to raise more money. The beady eyes of the tax collectors are increasingly falling on the assets of wealthy individuals who often get stung with large estate duties.

However, solutions to this issue do exist. We talk to John Stone and Paul Rust of Lombard International Assurance, a Luxembourg-based life insurance company that offers an innovation called privatbancassurance. Founded in 1991 by Stone, Lombard has been building up business in Europe over last twelve years. In the last two or three years...

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