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Tax and Jurisdictions

What do family offices in London, New York and Manama (Bahrain) have in common? As our family ties section shows while they have different pieces of advice to offer, they all cite the regulatory environment and consequent tax implications as their biggest challenge over the next 12 months

In January 2010, the OECD released a progress report on tax transparency. It reported that all the jurisdictions surveyed have now committed to the internationally agreed tax standard. Those that have already implemented it in full are on the white list, while those on the grey list have yet to do so

Thailand’s former prime minister, Thaksin Shinawatra, had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.

David Simon doesn’t mince his words. When rival company General Growth Properties rebuffed his $10 billion offer to buy the business out of Chapter 11 bankruptcy proceedings, Simon penned a sharply worded letter to Adam Metz, his counterpart as chief executive, writes Darrell Delamaide

The new year provides the perfect occasion for family businesses around the world to assess their 2009 performance, attempt to learn the lessons of the recession and work out how best to seize the opportunities 2010 presents. It is also the time for to review the outgoing year and look forward to the possibilities of 2010, writes Katie Barker