The document discusses proposed legislation affecting New York trusts, specifically targeting incomplete gift, non-grantor trusts (INGs) to avoid New York income tax. It also covers IRS federal rates for January and February 2014. The legislation aims to increase tax revenues significantly but may drive wealthy individuals out of New York. The document includes a disclaimer from Deutsche Asset & Wealth Management.
doj/DataSet10/EFTA01452350.pdf
{"title":"Proposed Legislation on New York Trusts and IRS Rates","key_people":["Blanche Lark Chrislerson"],"document_date":"2014","document_type":"correspondence","key_locations":["New York","Delaware"],"key_organizations":["Deutsche Asset & Wealth Management","Deutsche Bank AG","New York Bar Association","Tax Reform and Fairness Commission"]}