Markus Summer is a partner at Marxer & Partner Rechtsanwälte, Liechtenstein’s oldest and largest law firm. He has obtained legal degrees from the University of Innsbruck, King’s College London and the University of Texas at Austin, and an MBA from Edinburgh Business School. His areas of special interest include tax law, trust and foundations, corporate law, finance law and investments. He is a member of the Society of Trust and Estate Practitioners and of the International Fiscal Association.
At a macro level, the dominant trend affecting the private wealth arena in the last 12 months continues to be the impact of various supranational initiatives seeking greater transparency with respect to anti-money laundering regimes and tax information exchange. I propose to focus in this year’s introduction on the central importance of the concept of ‘beneficial ownership’ and the theme of convergence in the increasingly interconnected arenas of anti-money laundering policy and tax information exchange.