Sentences with phrase «by offshore companies»

If the assets held by the offshore companies were at the disposal of an individual who was a director or shadow director of the company, there may be a taxable benefit in relation to the personal use.

After the 2013 Supreme Court decision in Prest v Petrodel, attacking properties held by offshore companies (often referred to as «piercing the corporate veil») is more difficult.

That's the future of legal services delivered by offshore companies in India, which is expected to generate $ 1 billion in revenue by 2015, writes Joy London.

The Nessergy oil deal shares many similarities with a string of secret deals in Congo's mining sector, where mining rights were bought at knockdown prices by offshore companies and then «flipped» to major international firms for a vast profit.

Millar says it is important for any new owner to get the strategy right, and being owned by offshore companies won't be an issue.

Not exact matches

BuzzFeed reported on Sunday that the FBI was looking at 13 suspicious wire transfers made by Manafort - linked offshore companies from 2012 to 2013.

The CWA said on Saturday that Verizon has not budged from its original proposal which they have said would increase workers» healthcare costs by thousands of dollars, eliminate job security and remove any restrictions on the company's right to contract out or offshore union jobs.

TMS is focused on the Australian offshore oil and gas support industry and was acquired by labour hire company Integrated Group in 2002.

Also during the first quarter of 2018, the ASA Area was given a Limited Notice to Proceed by PTSC Offshore Services Joint Stock Company for the provision of early preparation works for the transport and installation of the Sau Vang Central Processing Platform, the Dai Nguyet Wellhead platform and associated pipelines offshore Vietnam.

It's the sort of rapid gearshift that few companies ever experience, much less master: over the course of about five years, FouFou Dog (FFD), a Markham, Ont. - based dog apparel firm, has seen its revenue grow by more than 800 % — a steep growth trajectory matched by the company's shift from providing very specialized boutique goods, like jewelry and booties for small dogs, and to a far wider range of products suitable for mass merchandisers and large offshore customers.

In June, Beijing's banking regulators ordered a group of lenders to assess their exposure to offshore acquisitions by a handful of companies that have been on overseas buying sprees, including HNA Group, Wanda Group, Anbang Insurance Group and Fosun International Ltd..

At the time, most of Gildan's production was in Canada, but executives realized that if the company was going to be successful, it was going to have to reduce costs — by going offshore.

The documents, which cover more than 40 years worth of offshore companies created by the Mossack Fonseca firm, also exposed the holdings of a dozen other global leaders.

According to the Journal du Dimanche newspaper, the searches were ordered to try to identify holders of offshore companies set up by the bank via Panamanian law firm Mossack Fonseca.

Some UK shell companies under offshore control may be skirting new rules which were designed to clamp down on corruption and tax evasion by forcing businesses to reveal their true owners, a Reuters analysis of corporate filings shows.

Of 300 offshore shell companies identified by Reuters, 22 would typically have been required to have published the beneficial ownership information by now because their reporting dates fell in the weeks since July 1, when the rules came into force.

In a troubling sign of escalating tensions, dozens of Chinese ships confronted Vietnamese coast guard boats approaching an oil rig deployed by Chinese offshore oil company CNOOC in waters claimed by both nations.

In August, I was invited to join a «global opportunity panel» in London jointly hosted by Danish think - tank the Monday Morning Global Institute and DNV GL, a company that provides expertise on technical standards and risks in relation to ships and offshore structures.

The leaked documents on offshore tax shelters dubbed the Paradise Papers linked Claridge Inc., a Montréal investment company headed by top Liberal fundraiser Stephen Bronfman, to a Cayman Islands - based trust.

This net position in turn consisted of foreign currency asset holdings equivalent to about 20 per cent of GDP, with more than three - quarters of this in the form of equity investment (including direct investment by multinational companies in their offshore operations).

The investigators» report this week traced a web of offshore companies set up by Olympus and a network of mostly Japanese financial advisers that were used to hide 118 billion yen ($ 1.5 billion) of losses dating back to the 1990s.

Leading Democratic governor candidate J.B. Pritzker was called a «liar» and a «fraud» by two rivals as the billionaire businessman's ties to secret offshore shell companies became the focus of the final forum of the campaign Wednesday night.

Similarly Callon has an outstanding growth record, but the company trades at a discount to many peers and its transition from offshore to onshore has yet to be fully appreciated by the market.

This will make the most challenging of offshore operations, using the deep and ultra deep water rigs owned and leased by companies like SeaDrill, Transocean, Ensco and Rowan, increasingly profitable moving through 2012 and into 2013.

That said, the recent pick - up in these premia is consistent with the easing in offshore issuance by Australian companies in the month of July.

As is usual, most offshore issuance by Australian borrowers was denominated in foreign currencies, with companies typically using swap markets to convert the proceeds back to Australian dollars.

Apple, for example, pays taxes at a small fraction of that rate on its offshore profits, according to calculations by The Times based on the company's securities filings.

Most offshore issuance by Australian borrowers in the September quarter was denominated in foreign currencies (with companies typically using swap markets to hedge the proceeds back to Australian dollars).

The talks also explored ways to improve the «integrity» of global financial flows, especially following the release of the so - called «Panama Papers,» which disclosed details of offshore companies set up for wealthy individuals and companies by the Panama - based law firm Mossack Fonseca.

«122 billion pounds worth of UK properties are actually owned in offshore tax havens, many of which are controlled by the UK... What we need to be sure of is that those places also create open registries [like the Land Registry is doing in England and Wales] of who owns and sits behind the companies registered there.»

«Over two square miles of London are owned by companies registered offshore.

Companies that locate offshore to avoid U.S. taxes have not lost their freedom to bid for homeland security contracts paid for by taxes.

The chief executive of Maggie Beer Products, Chantale Millard, who in 2015 took over the day - to - day running of the Maggie Beer Products business and its range of almost 200 jams, pastes, ice creams and verjuice, is also buoyed by the appointment of McBain as the company looks to expand offshore.

Until the chancellor George Osborne's budget crackdown on Wednesday, anyone buying property held by offshore vehicles could avoid stamp duty by acquiring a company's shares rather than purchasing the property directly.

They allege the money was then stashed in an offshore company created by Maiman and Toledo's mother - in - law.

Chinese and South Korean companies will also compete There will be offshore wind opportunities also in Germany, which needs to increase its renewable energy output as it phases out all its nuclear power plants by 2022.

By 1973, however, oil company scientists had turned up evidence of a large offshore fault 2.8 miles west of the plant, requiring PG&E to spend $ 2.2 billion on re-engineering to withstand a 7.5 - magnitude quake.

Russian authorities ask through Interpol for details of the bank accounts and offshore companies of Russian tycoon Alexander Shchukin Russian tycoon, who is currently under house arrest, is accompanied by cases of extortion and bribery

This lesson guides students through the game «Continent of Secrets,» which reveals what investigative journalists uncovered about the use of offshore companies by African businesses.

OTTAWA — Canadian tax authorities are on track to recover at least an additional $ 400 million this year as part of a campaign to crack down on tax evasion by big international companies and wealthy individuals, particularly those using offshore tax havens, a top official says.

Here is a recent debt settlement company trade association presentation from The Association of Settlement Companies (TASC) that appears to suggest to TASC members to consider circumventing new consumer protection rules to come from the FTC by avoiding traditional phone lines, moving operations offshore like gambling and payday operations, and selling discounted medical & health products with the debt settlement sale.

It is typically set up as an onshore or offshore limited partnership whose general partner is the hedge fund management company and whose limited partners are the accredited investors whose combined capital is managed by the hedge fund manager.

The seasonal trend for vessel utilization can be disrupted by hurricanes, which have the ability to cause severe offshore damage and generate significant demand for our services from oil and natural gas companies to restore shut - in production.

Other activities include: • pushing for stricter environmental standards for offshore oil and gas projects • engaging a local energy company regarding their operations • running a public campaign to raise awareness regarding the threats posed by the Sakhalin offshore oil and gas projects

Using methods informed by literary criticism, the Office for Parafictional Research offers a means of approaching these absent artists and their search for the offshore company.

But even that attempt was blocked by gas companies and Bush and republicans in congress who now are crying like babies to be able to foul offshore waters with oil rigs.

The story shows how companies doing offshore oil drilling had shifted progressively to cutting the risk of failure by adding a second blind shear ram to blowout preventers.

UK Prime Minister David Cameron and fellow G8 leaders must crack down on anonymous company ownership, said Global Witness today following revelations by the International Consortium of Investigative Journalists (ICIJ) of the hidden offshore dealings of politicians, fraudsters and the super-rich.

Enbridge entered the offshore wind market in 2015 by buying into E.ON's Rampion project, which recently began generating electricity, and shortly followed by investing in an EDF - backed development company with a 1.4 GW pipeline of French offshore wind projects.

About half of NEPPA utility member companies are in Massachusetts, a state that seeks an 80 percent reduction in greenhouse gas emissions by 2050 and where lawmakers recently passed the nation's most ambitious offshore wind energy target.