Abstract

The present economic crisis and, in particular, the uncertainties within the Eurozone provide an opportunity to review the use of the Austrian Private Foundation, its exposure to national tax policies in view of its accumulated wealth and tax privileges, inherent risks emanating from structural and management shortcomings, threats from founders, creditors, spouses and heirs, as well as the opportunity provided by the foundation for wealth planning, asset protection, and additional tax benefits applicable from 2012 onwards.

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