![columns ground view](https://www.nortonrosefulbright.com/-/media/images/nrf/services/hero/columns-ground-view.jpg?w=265&revision=8f63f22f-da11-46bf-a5ae-d91d054e01ff&revision=5249782195697387904&hash=938111436F9CD8BD50B3D018C0A7F2C0)
Publication
Trusts Bill 2024: How will the Trusts Bill affect trustees and people who deal with trusts?
The Trusts Bill 2024 (Qld) (Trusts Bill) was tabled in the Queensland Parliament on 21 May 2024.
United States | Publication | April 2022
The throwback tax is the US tax law’s main tool for discouraging tax-free accumulation of income by foreign non-grantor trusts for US beneficiaries. Its complex rules are a dangerous minefield that should be avoided. This article reviews the operation of the throwback tax rules, and assesses the effectiveness of this trust anti-deferral regime in various fact patterns. It also discusses how the trust anti-deferral regime interacts with the US law’s foreign corporation anti-deferral regime, another minefield.
Publication
The Trusts Bill 2024 (Qld) (Trusts Bill) was tabled in the Queensland Parliament on 21 May 2024.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023