In 2025, the global economy is expected to experience a slowdown, with emerging markets confronting significant challenges while the U.S. economy retains its leadership position. Although the fundamental economic outlook for the U.S. continues to indicate a potential soft landing, the pace and direction of policies from the Trump administration will be critical factors influencing economic performance. Tariff measures are part...

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The 1800s
In the 1800s, the wealthy in the US used trust structures (known as the Massachusetts Trust) to avoid double taxation. As trusts were not corporates, they did not attract corporate taxes as long as the income derived was distributed to their beneficiaries...