Geoff Cone Talks About New Zealand’s Safe Haven Image

Some people looking to conceal their assets, seek countries that are known to be safe as tax havens. As a business owner and lead principal of Cone Marshall Law Firm in New Zealand; Geoffrey Cone is use to fielding inquiries about the country’s tax haven status. According to Cone, New Zealand isn’t a tax haven country, but it has the “perceived” image of being just that. He took the time to explain this image and the realities associated with being viewed as a safe place to stash or hide assets.

In the article, written for the New Zealand Herald, entitled, ‘NZ A Model of Tax Transparency;’ Geoffrey Cone helps to broaden the knowledge base for anyone who thinks of New Zealand as a foreign trust tax haven. He begins by explaining mostly it’s the media coverage that makes people interested in hiding assets. Cone says that foreign trusts just aren’t as adventurous or exciting as news outlets portrays them.

Geoffrey Cone goes on to talk about the methodology of International tax laws and the governing body that oversees the policies. The governing authority responsible for enforcement of foreign trust taxation is the, Organization for Economic Co-Operation and Development (COED).

Under its realm of official International duties, the OECD maintains an active lists of known tax havens and New Zealand isn’t on it. Because “transparency” is the missing factor, which allows individual with less than honorable intentions, such as those wishing to get away with illegally hiding their assets to avoid taxation.

Cone points out that what allows said individuals to get away with tax haven foreign trust investing is a lack of transparency. He makes a strong defense of New Zealand, as a country that’s less desirable to those seeking tax havens, for the reason, everything is done out in the open with complete transparency.

As lead principal of a successful law firm, Geoffrey Cone has a wealth of experience, which has helped to establish, Cone Marshall, as a global authority in financial matters related to tax trusts. Geoffrey Cone has built a solid foundation for advising and managing foreign and domestic assets.

Beginning with his education at the University of Otago in New Zealand, Cone immediately gravitated towards International investing. After graduating in 1980, he started his career as a partner with a successful law firm. In the much coveted position as lead council, he commanded respect for his legal skills and expert knowledge in the areas of commercial litigation and advisory tax trusts. Then in 1999, after nearly two decades as a partner, Geoffrey Cone opened his own practice, which specializes in trustee management, foreign trusts and international tax and estate planning.

How Labaton Sucharow Helps

Labaton Sucharow is a law firm that helps people who want to report problems about the SEC to the different authorities who will be able to help them stop these practices. The law firm focuses solely on these clients and they work with them to not only help them report it but to stand next to them in every step of the process. They want to help them through everything including the way that they report it and who they should report it to no matter what the issue is for the people who are a part of the SEC. Learn more: http://www.prnewswire.com/news-releases/second-largest-sec-whistleblower-award-granted-to-labaton-sucharow-client-300282555.html

The law firm is confident that they will be able to help people. Not only have they become experts at SEC law but they have also been in business for many years. Before they were a law firm that was dedicated solely to SEC whistleblowers, they were business attorneys. They helped people with everything from starting a business to litigation of the business and everything that stood in between. There were many times that they would help people with problems that they were not even aware of until they began to dig deeper into the business. They are very thorough.

When it comes to the SEC, there are many problems that come from inside. The majority of theft is internal and the people at the top are often the ones who are committing these problems. They are people who think that they are not subject to the same punishment as others and feel that they can do anything that they want because of their position. They often coerce others into going along with it or simply keeping their mouths shut about it with extra money that they make from their illicit practices. This is a raging problem in the SEC and something that needs to be stopped at all costs.

The SEC recognizes that and goes to great lengths to give people the opportunity to report problems. Not only do they promise to protect anyone who makes the choice to report the problems to the authorities but they also make sure that the people are rewarded for it. That is where Labaton Sucharow comes into play. They use their legal expertise to help people find out not only how to report the problems but to increase the reward that the people get for actually reporting the problems in the SEC.

Labaton Sucharow client gets awarded the second largest SEC monetary award

Labaton Sucharow LLP is the first law company to establish a practice that is exclusively meant to represent Securities and Exchange Commission (SEC) whistleblowers. Recently, SEC made an announcement that Labaton Sucharow LLP had awarded over 17 million U.S Dollars to a whistleblower that was represented by the law firm. The company gave the whistleblower a representation after exposing an incident that had happened in the financial services industry.

The Securities and Exchange Commission whistleblower initiative is now six years old since it was established. The 17 million U.S Dollars is the second biggest award since the program was launched. The whistleblowers are awarded an amount ranging between 10 percent and 20 percent of the total funds acquired after a successful enforcement action.

The law firm’s client provided quality information that led to a successful sanction against a major player in the financial markets. The whistleblower chose to remain anonymous over fears of being blacklisted or retaliated by the company. The SEC program does not reveal the details of the specific areas of the case where a client played a role in preventing exposing them indirectly. A SEC whistleblower lawyer, Jordan A. Thomas was quoted praising the client for being courageous enough to blow the whistle when others chose to remain silent. The attorney expressed hopes that more courageous whistleblowers will come forward in the future to report the wrongdoings in the financial markets.

Mr. Jordan was also the first officer working for a public company to be awarded a whistleblower award. He also worked on a first case where he was able to charge an employer who was accused of retaliating against a whistleblower.

The SEC whistleblowers program enables potential whistleblowers to report federal securities violations anonymously. The program assures eligible whistleblowers substantial monetary awards as well as employment protections. An Investor Protection Fund was established by the Congress to ensure that funds are available to pay the qualified whistleblower’s awards. The Investor Protection Fund has a current balance of more than 400 million U.S Dollars.

Labaton Sucharow LLP has been in operation for more than 50 years. The law firm represents clients from different fields including businesses, institutional investors, and consumers. The law firm was the first one to start a program with a goal of representing whistleblowers that report cases of wrongdoings in the financial markets. The firm has a world-class team of financial analysts, investigators, and forensic accountants that have experience on how to handle such cases.