Brazil is a federative republic country according to its constitutions formed by the indissoluble union of the states and municipalities of the Federal District. It is important to know that it took power on the 21st of October 1988 and it is a mixture, or some would call it, derived from taking different kinds of laws in account such as French, Italian, German and Portuguese civil law. According to the law, the 26 states have the right to choose their own law and constitution but no autonomy according to principles of federal constitutions. Aside from that, the law in the country has a steady rate of improvement. The country is one of those that have the most law schools and lawyers in the world. About 1,244 schools and from those graduates at least about 7-800,000 lawyers.

Even though such a large amount of lawmakers step out of the school buildings with a firm goal in mind, the amount of filing and paper is still as compared to pearls in the sea. That is probably because the judicial system, in charge of appointing the lawmakers/lawyers and judges to work, has been very slow with their work in letting graduates occupying the vacant seats. This results in a large amount of graduates who have to look for other firms such as private ones to work in.

Amongst this vast pool of lawyers, there is a man who is known in history to be the most successful in law and case winning. Ricardo Tosto de Oliveira Carvalho is a legend in the world of law and is known for his strategist acumen. Although he is very famous today, in the past he had started out initially in a simple and humble place. He then used his knowledge and skills to jump all the way up to where he is now: becoming one of the best in the world.

Tosto has worked his way up to helping many famous personalities and major companies in his lifetime. His work and strategies have greatly influenced the Brazilian legal law style, and he overlooks the most important cases and helps whenever it is needed in any cases. He is also known to have tutored many famous lawyers, thus proving to be the best in his path.

Do not come to New Zealand if you plan on hiding your wealth or laundering money, according to tax lawyer Geoff Cone. The man runs Cone Marshall in Auckland, a law firm that specializes in trusts and New Zealand tax law. Learn more:

One of the ways many foreigners hide money in another country is through a trust. The foreigner transfers a certain amount of wealth to a trustee in that country. Many times this trustee is a lawyer, such as Cone, or a third-party bank. The money is then managed by the trustee. Oftentimes, the money is used for investments in order to grow wealth.

Any New Zealand resident that serves as a trustee must file a disclosure form with the IRD. Furthermore, that trustee must keep all records of liabilities, assets and expenditures, including any money that the trustee receives or spends. And if the trustee uses any of this money in business, that New Zealand trustee must keep detailed records of accounting systems, charts and codes.

Failure to do any of this comes with heavy fines. These penalties were even enhanced by the New Zealand government in 2011 when world standard money laundering legislation took effect. In the end, New Zealand is a terrible place to stash your cash illegally.

All of this information comes in reaction to an article that ran in the New Zealand Herald. The article called New Zealand a tax haven country for wealthy people who set up trusts. Cone, who has been setting up foreign trusts since 1990, refutes this claim by pointing to the Organization for Economic Cooperation and Development.

The OECD is a watchdog when it comes to tax havens around the world. They identify tax havens by examining a countries tax laws. Tax Haven Governments enforce little to no taxes, have a complete lack of transparency, and are unwilling to assist foreign governments who investigate the whereabouts of its citizens money. New Zealand has never qualified under the standards and Cone believes the country never will.

New Zealand has achieved OECD’s gold standard for transparency since 2002. The country levees taxes on foreign trusts and New Zealand is open for communication with other governments.

Cone has decades of trust and tax law experience, working in both Auckland and Christchurch. He has been practicing since studying at the University of Otago, graduating with a post graduate degree in trust and tax law.

Learn more about Cone: