Tax
Editorial writing on Tax from The Family Office Almanac.
SEIA builds a tax unit and rents its family office layer
The $32.6 billion Los Angeles adviser has hired an LPL tax executive to run a new division, while buying in family governance and fiduciary accounting through Baker Tilly.
Paris appeal court hands Arnault a €22.5m tax bill over an LVMH holding structure
A French administrative court has upheld tax assessments of about €22.5m against Bernard Arnault and his wife, tied to payments from a holding structure connected to their LVMH stake. Arnault will appeal to the Conseil d'État.
South Africa rules out an annual wealth tax, citing capital flight
Finance Minister Enoch Godongwana told Parliament the government is not planning a net wealth tax, arguing income tax raises far more and that a levy would push the top tax base to relocate.
What we are reading about family offices
No noise, no selling. A measured note on the advisory landscape.