STEP conference focuses on challenges and tax
The STEP international conference held at the Four Seasons hotel in Limassol, attended by 200 delegates from Cyprus and abroad focused on the trusts and tax industry.
Other topics which were covered during the conference included strategic planning for Cyprus as a financial centre, the OECD’s BEPS project, the legitimacy of tax planning in today’s world and a jurisdictional comparative perspective of funds.
Finance Minister Harris Georgiades inaugurated the conference with a speech on the current status of the economy of Cyprus and its prospects.
Emily Yiolitis, the Chairwoman of STEP Cyprus stated that “whilst the economy of Cyprus is slowly improving, the road to recovery is not without challenges and targeted reforms can ensure stability and prosperity.”
STEP is the leading organisation worldwide on trusts, succession and inheritance planning, dealing with cross border transactions of high net worth individuals and corporations involved in sophisticated international structures ranging from asset protection to philanthropic giving. Today STEP boasts over 20,000 members across 95 countries. They include lawyers, accountants and other trust and estate specialists.