Blog & Insights 

A new annual tax on high-value secondary residences reinforces the importance of reviewing cross-border ownership structures. The State of New York has approved new legislation introducing the Pied-à-Terre Tax (PAT Tax), a measure expected to significantly impact owners of high-value residential properties located in New York City. Although primarily directed at luxury second homes, the new tax represents another important development within the broader context of internation

For many individuals and families, wealth planning only becomes a priority when a significant event occurs. A cross-border relocation, the sale of a business, the acquisition of foreign assets, a succession event, or a change in tax legislation often triggers the realization that existing structures may no longer provide the protection or efficiency they once did. By that stage, however, the available planning opportunities may already be limited. The most effective wealth pl

What Offshore Companies, Foundations and International Structures Need to Know. On May 28, 2026, Panama enacted Law No. 526, introducing new economic substance requirements for certain entities earning foreign-source passive income. The legislation represents a significant development in Panama’s international tax framework and reflects a broader global trend toward requiring offshore structures to demonstrate genuine economic activity within their jurisdiction of incorporati