Tax & Trust Accountants
Tax & Trust Advisers
London, United Kingdom
Tax, wills & trusts
Business and Consumer Services
‘Incremental tinkering doesn’t really have the desired effect,’ says Elizabeth Henson, calling for a tax sphere ‘fit for the future’. Henson heads PwC’s private client and private business teams, and is the go-to for international UHNWs ‘Commercial substance, transparency and arm’s-length principles are key,’ she says, of offshore tax planning.
A MENA and Asia expert, she has seen the concept of trusts spread in emerging markets. She credits ‘greater regulation and governance of trustees’ and more transparency as factors. However, transparency also gives rise to privacy concerns. ‘Fears about personal safety and security remain real,’ she says.
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