But the income gains the company recognized from the mortgages were illusory — offset by interest expense, notably the cost of administering the trusts, which make regular payments to investors.

但该公司确认的抵押贷款收益增加是虚的——被利息费用所抵消，特别是定期向投资者支付的信托管理成本。

youdao

The use of trusts and companies offshore can minimise some taxes—such as inheritance tax—and defer others, such as income tax, until the money is brought home.

利用信托公司和成立离岸企业可以最大限度的躲避一些税收，比如遗产税，还可以将一些税务的支付的时间推迟到这些资金重新回到母国为止，例如所得税。

youdao

It was held under cotenancy agreements which were placed in Grantor Retained Income Trusts (GRITs).

FORBES: Only Modest Valuation Discounts Allowed On Estate Artwork

The previous Liberal government tried to limit pension investment in income trusts in 2004 but backed off when the pension industry objected.

ECONOMIST: The government cracks down on a stockmarket moneyspinner

Click here for instant access for all recommended gold and silver miners, as well as Canadian income trusts in Professional Timing Service.

FORBES: Saudi Surprise And Central Bank Accumulation Augur Well For Higher Gold Price