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Podcast: Offshore Tax with HTJ.tax
Episode: Zombie Trusts: Russia in the Crosshairs
Description: In this episode, we break down the EU’s crackdown on Russian-linked trusts — now widely referred to as “zombie trusts” — following amendments to Article 5m of Council Regulation (EU) 833/2014. These rules have rendered many existing structures legally unserviceable and have effectively shut the door to new trust formation involving Russian nationals or entities.Key Points Covered:1. What Article 5m Now ProhibitsUnder the amended regulation, EU persons and service providers are barred from registering, hosting, or managing trusts where any of the following are involved:A Russi...