Rising Stars: Tax Accountants
Describing the most rewarding aspects of life as a private client lawyer, associate Michael Rutili cites ‘the privilege of having experienced a number of clients from rather humble beginnings turn their lives around by developing an idea into a successful business’.
Rutili has developed a unique practice assisting UK and international private clients and their businesses. As well as primarily providing personal advice on tax, trusts, estate planning and succession, he also advises the wider business on tax and structuring issues. ‘You are managing a big jigsaw with the pieces changing and moving all the time,’ he says.
He also handles complex litigation: ‘We prefer to take a pre-emptive approach by stress-
testing clients’ wealth planning structures well in advance of when things may go wrong,’ he says. The landscape is constantly evolving, Rutili adds, pointing to ‘the endless debate about the divide and boundary between tax avoidance and evasion’. Never has it been front-page news like today.
Also, with legislation changing at a pace never seen before, the wise tax lawyer must be nimbler than in the past: ‘You can’t put advice in place and expect it to work for generations as in the past: we’ve seen game-changers on a yearly basis.’
Rutili speaks French, Italian and Spanish and is therefore a first port-of-call for European clients post-Brexit.