Publication
New competition legal framework in Mexico: What you need to know
A major reform to the Mexican Federal Economic Competition Law has been published in the Federal Register, and is set to become effective.
Foreign nongrantor trust for US beneficiaries: dos and don’ts
United States | Publication | April 2022
The throwback tax is the US tax law’s main tool for discouraging tax-free accumulation of income by foreign non-grantor trusts for US beneficiaries. Its complex rules are a dangerous minefield that should be avoided. This article reviews the operation of the throwback tax rules, and assesses the effectiveness of this trust anti-deferral regime in various fact patterns. It also discusses how the trust anti-deferral regime interacts with the US law’s foreign corporation anti-deferral regime, another minefield.
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Co-head of Tax, United States
Email
bill.cavanagh@nortonrosefulbright.com
Recent publications
Publication
High Court of South Africa develops common law to address jurisdiction over foreign entities
On 9 July 2025, the High Court of South Africa, Gauteng Division, Pretoria, delivered a landmark judgment in the case between the Financial Sector Conduct Authority (FSCA) and Viceroy Research Partnership LLC.
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