Summit Trust Group Policy Statement on Tax Evasion

Summit Trust Group comply with the Foreign Account Tax Compliance Act (of the US) and the broader international Common Reporting Standard (or Automatic Exchange of Information in Tax Matters). Services provided by Summit Trust Group may not be used for the achievement of tax evasion under any circumstances but legitimate tax planning or mitigation based on third party professional advice is acceptable. Settlors should normally seek tax advice prior to establishing a trust structure and beneficiaries may be advised to seek tax advice or assistance to ensure that they comply with their personal reporting obligations in appropriate cases.