Publication
NRF Insights on the DFSA’s Business Plan for 2025-26
On 4 February 2025, the Dubai Financial Services Authority (the DFSA) published its Business Plan for 2025-2026 (the Business Plan).
Foreign nongrantor trust for US beneficiaries: dos and don’ts
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.
Download the Oxford Academic's Trusts & Trustees reprint
Co-head of Tax, United States
Email
bill.cavanagh@nortonrosefulbright.com
Recent publications
Publication
European commission clarifies its consumer protection agenda for e-commerce
Acting on one of the priorities laid out in President von der Leyen’s Mission Letter to Commissioner McGrath, the European Commission (EC) has published a communication on an EU toolbox for safe and sustainable e-commerce (the Communication).
Publication
Construction insights
The construction and infrastructure sectors are booming in the Middle East region, driven by economic diversification and energy transition goals. It is more important than ever to carefully mitigate and manage risk and resolve disputes effectively, should they arise.
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