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Company

Farrer & Co

Position

Partner

Index

Legal

Tax & Trust Advisers

Tax & Trust Lawyers

Location

London, United Kingdom

Advice type

Family governance

Tax planning

Wealth planning

Client types

Non-domiciles

Families

Sector focus

Accounting

Business and Consumer Services

Profile

Russell Cohen

Description

Even clients with access to private jets are reluctant to travel, reports Farrer partner Russell Cohen. ‘They’re sitting at home and talking to their loved ones,’ he says.

But the pandemic is likely to affect another area of their lives too: taxes. With the UK government looking to balance its books after a year of unprecedented spending, Cohen predicts the burden will fall on HNWs via taxation, particularly now that austerity has become politically taboo. ‘I also think there will be a renewed appetite for transparency,’ he adds. ‘I don’t think the post-pandemic world will have much sympathy for someone who says “I want privacy” when it comes to tax.’

Rank: Top Ten

Top Ten 2020, Tax & Trust Lawyers

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