Offshore Asset Protection Trusts: Tax Planning or Tax Fraud?

Abstract

For someone seeking to place his assets out of the reach of creditors, Offshore Asset Protection Trusts (OAPTs) offer the potential settlor secrecy, control, choice of law and jurisdiction, and favourable taxation. While many legitimate entities make use of the benefits of OAPTs, criminal entities have also seized upon them as a means of furthering their crimes.

Citation

Silets, H.M. and Drew, M.C. (2001), "Offshore Asset Protection Trusts: Tax Planning or Tax Fraud?", Journal of Money Laundering Control, Vol. 5 No. 1, pp. 9-15. https://doi.org/10.1108/eb027289