Changes are proposed in amendments to the Labuan Offshore Business Activity Act, introducing a higher rate of tax for companies taking advantage of treaties. The interposition of a Labuan company by a Cayman Fund investing in Korea offers a significant advantage. A Labuan company may be used for leasing into Malaysia. The use of trusts has increased but is by no means extensive. Patriarchs of Chinese and Indian families have traditionally controlled their wealth personally throughout their lifetimes.
Estate tax is imposed by Singapore.
There are some exceptions for residential property and community funds. Philippines has US-style estate tax. Individuals domiciled in Brunei are subject to estate duty. Some form of forced heirship is found in Singapore, Malaysia, Thailand, Philippines, Indonesia and Brunei. There are still some forms of exchange control in Thailand, Philippines and Brunei.