Private Banking and Wealth Management: Tax Planning
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Private Banking and Wealth Management: Tax Planning

Intuition Publishing Pty Ltd
Updated Sep 24, 2020

Tax planning is the process of enabling high net worth individuals (HNWIs) to arrange their financial affairs to avoid, defer, or minimize their current and future tax liabilities and maximize their net income. We discuss the importance of tax planning, outline the various types of tax imposed on wealthy individuals, and describe some of the strategies designed to minimize future tax liabilities.

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