Will Trump’s “Big Beautiful Act” Attract HNW Individuals to the US? I Episode 217 with David Lesperance
The “Big Beautiful Act” promises to have a large impact across the board on the lives of American citizens. However, will this new tax legislation encourage high net worth individuals to move to the US? For years, the biggest deterrent for HNW Individuals coming to the United States has been the nation’s Tax Laws. Have the changes made in the Act made America a more attractive place to do business and invest in? Especially with the new looming threat of Tariffs. What has made America an attractive place for business in the past? What will it look like in the future–post-BBA, with Trump at the helm? Mona sits down with Global Tax Expert David Lesperance to discuss all this and more!
“The key is not just being able to incorporate quickly, but to be able to open up things like bank accounts. A corporation without a bank account is a corpse. It’s not operational. And so, you just have a whole system, an approach in the United States, which you don’t have where I am.” – David Lesperance
David Lesperance
David Lesperance JD is one of the world’s leading international tax and immigration advisors. He has co-authored, with an LSE Professor Emeritus, a key book on the impact of the movement of the Wealthy on the countries they leave and to which they move. David’s personal interest in these areas of law grew from his experience working as Canadian immigration and customs officer while studying law.
Since being called to the bar in 1990, he has established his expertise with major law firms, his own law firm and as a private consultant. David has successfully advised scores of high net-worth families in residence/citizenship and domicile strategies to protect family wealth and well-being. These “Back-Up Plans” are both tax efficient and livable in meeting the needs and preferences of all family members. This planning is influenced by his having relocated his own family three times and having secured lineage citizenships for several close family members along with numerous clients. David is supported by a team of professionals, some of whom have worked with him since the early 1990s.
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