Geoffrey Cone is a very successful lawyer. After earning his bachelors degree in law, at the University of Otago, he continued his education and added a diploma in trust and tax law. Having earned such am extensive education, Geoff Cone put it to great use. His practice in law began as a partner in a well noted law firm. He practiced trust and tax advisory work and all types of business law. This helped him gain both extensive knowledge and legitimate experience in the law world. It also gave him a great array of types of law cases and wisdom of different court levels. After a few years of hard work and voluminous effort with this firm, Geoff Cone started his very own law practice. Cone Marshall Limited has since grown into a respectable law firm. CML, Cone Marshall Limited, concentrates on international trust and tax planning. Not only does Geoff Cone’s firm focus on this, but is the only firm in New Zealand to specialize in just this type of law practice.
With such an extensive education and knowledge of tax and trust law, it may be in ones best interest to take Geoff Cone’s opinions. Recently, Geoff Cone has shared his point of view on New Zealand and its foreign trusts. Geoff has openly communicated that New Zealand is not a “tax haven” and will not be considered one in the near future. Geoff suggests that in order for New Zealand to ever meet the qualifications of being a tax haven, there would have to be many changes in both laws and business. Laws involving information exchange between governments would have to become stronger and the banking industry would have to become moe secure and secretive. Although Geoff does not believe New Zealand is a tax haven, he does share that New Zealand is making progress in this area. The rules placed in this area and the way foreign trusts are handled make a great starting point. This gives New Zealand the ability to create and hold up tax exchange agreements with many other countries. So even if New Zealand is not a tax haven, it is making progress and is building a great reputation in this field of business.