What are the worries for a Middle East family which has structures in place? Is it reputation risk, regulatory risk, new taxes or levies being introduced? - Kimberley Wilks

Kimberley Wilks of PwC

Feb 18, 2019

Kimberley Wilks, Senior Manager, Tax - Consulting Services at PwC discussed the worries for a Middle East family which has structures in place. Is it reputation risk, regulatory risk, new taxes or levies being introduced?

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1. What are the worries for a Middle East family which has structures in place? Is it reputation risk, regulatory risk, new taxes or levies being introduced?

Video transcript

1. What are the worries for a Middle East family which has structures in place? Is it reputation risk, regulatory risk, new taxes or levies being introduced?

I think one of the key concerns for clients is making sure that their structures are future proof. I think they are concerned about a whole raft of possibilities that could come into play. Could there be a new tax system introduced? Could there be new measures that would mean that their privacy was jeopardised, or could there be a change in their own family circumstances that might mean the structure they put in place is no longer fit for purpose. So, I think a lot of clients are concerned with making sure that they’re as flexible as possible so they can make any changes that they might need to ensure that that continues to work for them going forward.

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