A Study on The Practices of Wealth Management and Tax Planning in A Trust Perspective
Date Issued
2004
Date
2004
Author(s)
Kuo, Chung-Ming
DOI
zh-TW
Abstract
Graduate Institute of Accounting
National Taiwan University
Name : Kuo, Tsung-Ming
Adviser : Lin, Suming, Ph.D., CPA
Title : A Study on The Practices of Wealth Management and Tax Planning in A Trust Perspective
Month/ Year : June, 2004
Since the enactment of Law of Trust, Law of Trust Industry Act, and other related Tax Laws, it is believed that Taiwan’s regulatory environment regarding trust businesses has been established at the preliminary stage. However, it appears that the general public has not yet fully comprehended the fundamental and social functions of a trust, resulting in discouraged development of recent trust businesses. Furthermore, the government has not provided specific measures or a set of fair rules on operation of trust businesses.
The purpose of this thesis is to examine and analyze the practices of wealth management and tax planning in a trust perspective. The current Taiwan trust system operates and aims at achieving the following goals, including the use of trust to achieve wealth management, the use of trust to resolve gifts/estates issues, the use of charitable trust to resolve relevant issues of corporate juridical persons, the use of trust to achieve better tax planning, the use of employee stock ownership trust to create value-added activities for both employees and company, the use of employee stock bonus ownership trust to retain talents and motivate employees, the use of life insurance trust to take care of specific persons, the use of trust to assure the custody of properties, and the use of trust to resolve the wealth management issues on employees of public services.
This thesis probes into the practices of trust, including the planning of holding huge amounts of real estates, the planning of family stock holding, the planning of stock holding of technical team, and the planning for engaging in charitable businesses. This thesis analyzes background information, potential issues, and factors for consideration of four cases and ultimately proposes concrete suggestions.
Taiwan’s trust practice is still in the early stage and regulations and principles are not complete. This research discusses relevant practical trust issues and consults with experts in the trust industry. Hopefully this research would benefit the future of trust operations.
Keywords: Trust、Wealth Management、Tax Planning
Subjects
信託
租稅規畫
財產管理
Trust
Wealth Management
Tax Planning
Type
other
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