CLIFFORD TRUST
US living trust allowing grantors to transfer assets that generate income into the trust and then claim back those assets once the trust expires. The trusts cannot last for less than 10 years and one day. Initially, these were commonly used as an effective and legal way to avoid huge tax expenses. The trust holder would move his assets to a trust then a recipient would claim it, who would be subject to a lower marginal tax rate.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
