Tax Hunt Pushes Global Rich to Offshore Trusts for U.S. Chil

Tax Hunt Pushes Global Rich to Offshore Trusts for U.S. Chil

There’s no lifetime gift-tax exclusion for foreigners making gifts of U.S.-based property, which means those giving property may owe taxes on amounts greater than $13,000, at a rate of as much as 35 percent. Photograph: Getty Images