Assuming Luxembourg and Austria, the EU's own two tax havens, agree, that could mean more withholding taxes, and a squeeze on discretionarytrusts (complicated and murky entities adored by tax lawyers).
ECONOMIST: Swiss banking secrecy
2.
Worse, say the asset-protection lawyers, is that the UTC allows all sorts of creditors to reach so-called discretionary dynasty trusts.
FORBES: Money & Investing
3.
Estate lawyers would draft complicated trusts for IRA assets, allowing discretionary distributions to beneficiaries, to keep the assets out of the hands of creditors.