Sentences with phrase «of offshore company»

New York City commercial litigation associate Danielle McLaughlin appeared on FOX Business discussing legal consequences following the leak of the «Panama Papers» revealing widespread use of offshore company structures.

It has nothing to do with U.S. except: The owner of the offshore company is a non -...

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.

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.

TrustNet, the offshore services provider, helped Fu set up some of his offshore companies.

What went unnoticed was that many of these offshore companies had accounts at Pilatus Bank — but after the FIAU's exhaustive audit days before, officers recognised the names of the offshore companies now in the news.

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.

British crown dependencies and overseas territories, however, are only required to provide information on the true owners of offshore companies to law enforcement, and only if requested.

Several MPs demanded that British territories — former colonies, some of which have become major tax havens — be forced to publish registers of the beneficial, or true, owners of offshore companies.

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.

IPOs of offshore companies typically occur on the exchanges of Hong Kong, the US or London.

Dev specializes in Mergers & Acquisition Finance / Banking, Investment Management, Lease and Transportation Finance, Private Equity and Venture Capital, Structured Finance, Aircraft Finance and leasing; Project Finance, securities, capital markets practices, regulatory compliance, antitrust and competition, setting up of offshore companies, offshore fund and Collective Investment Scheme, on international banking and privatization.

Name: Dev R. Erriah Title: Barrister Degree: LLB, LLM, TEP Specialises in: Mergers & Acquisition Finance / Banking, Investment Management, Lease and Transportation Finance, Private Equity and Venture Capital, Structured Finance, Aircraft Finance and leasing; Project Finance, securities, capital markets practices, regulatory compliance, antitrust and competition, setting up of offshore companies, offshore fund and Collective Investment Scheme, on international banking and privatization.

From 6 April 2017, the UK Inheritance Tax (IHT) law changed, meaning the use of offshore companies to own UK residential property could no longer provide a shelter for IHT.

Not exact matches

Hundreds of thousands of offshore entities and shell companies connected to over 200 countries and territories appear in the papers.

• Joulon, a portfolio company of KKR, acquired Harris Pye Engineering Group Limited, a U.K. - based provider of engineering and project management services to the marine, offshore and industrial sectors.

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.

Over the years Alfa has come out on top in bitter power struggles even with people closely linked to Vladimir Putin: it defended its telecoms empire against Leonid Reiman, Putin's communications minister, who ultimately left the government after a string of disclosures about his links to an offshore company.

Where does that leave other offshore companies, notably Korea Gas Co., Mitsubishi and Petronas, that have invested lesser but still impressive sums in B.C.'s shale fields, almost certainly for the purpose of eventually importing LNG back across the Pacific?

The cap: Under the Canada Oil and Gas Operations Act, the company that gained approval for offshore drilling work is liable in the event of a blowout.

Oil and gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum, for an upfront payment of $ 1 million.

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..

The plan would open the door for drilling in areas far beyond the U.S. epicenter of offshore drilling in the central and western Gulf of Mexico, giving oil and gas companies the opportunity to explore areas left out of leases for decades.

A big part of that, as Trump correctly mentioned, is that companies keep cash offshore.

In the past, the company has attracted attention from labour rights and other non-governmental organizations who were critical of the way it ran its offshore sewing facilities.

While tech companies dislike paying taxes — just look at Apple, which keeps much of its money offshore to avoid taxes, or Twitter, which once threatened to leave San Francisco unless it received a special tax break — none of them wants to be labeled as an opponent of anything that would provide help for the homeless and those with low incomes.

Richard Sawaya of the National Foreign Trade Council estimates the provision in question could force American companies to exit more than $ 100 billion worth of offshore oil and gas projects worldwide.

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.

Many customers, especially universities (which order a lot of sweatshirts for silkscreening), are part of a «clean clothes» campaign: they order only from companies that are perceived to run safe and fair offshore facilities.

ONE man's vision to provide a value - added pressure - testing service to the construction, resources and oil and gas industries, has led to the emergence of a leading Australian company poised to expand offshore.

The corporate trail leads to a clutch of other «Euro Forex» companies in Britain and New Zealand, held in the names of company formation agents, nominee directors, or offshore shareholders.

With a financial scandal threatening to engulf him, a video has emerged showing Iceland's Prime Minister walking out of a television interview when asked to explain his involvement in an offshore company.

Bradley Birkenfeld, who CNBC describes as «the most significant financial whistleblower of all time,» suspects that the U.S. government's intelligence service is responsible for leaking the Panama Papers — a collection of more than 11 million confidential documents with detailed information about offshore companies.

5) Dilution: Although Apple has a large cash pile, most of that is held offshore, and therefore the company would likely have to issue debt in order to acquire Netflix for $ 50 billion.

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.

Six years after disappearing during the offshore bank debacle, he was putting on a seminar under a new company name, Q Institute of Wealth Enhancement.

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.

The leak led to a series of high - profile scandals, including the resignation of the Prime Minister of Iceland after it was alleged he had hidden millions of dollars - worth of investments in an offshore shell company.

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.

So the company's offshore arrangement worked out very well indeed for Cameco — and very badly for the governments of Canada and Saskatchewan.

Shares of Singapore - listed offshore services company Ezra Holdings hit record low on Wednesday as concerns over its debt obligations continue to mount.

An additional benefit of Cameco's offshore arrangement is that as the company racks up losses in Canada, it also accumulates tax loss carry - forwards.

A key element to managing offshore teams is maintaining the integrity of a company's products and services.

His company, Incredible Visibility, has helped businesses from Sand Cloud (who made a deal on «Shark Tank» with Robert Herjavec) and The Discovery Channel to luxury automaker Alfa Romeo source talent offshore with peace of mind.

Aschidamini's team even invests in offshore company culture, sponsoring boating events and team - building activities at their international work - hubs so contractors can still feel a sense of company identity.

Having these at your disposal enables scalability and a sense of company presence in your offshore region.

And using offshore accounts or holding companys aren't particularly effective methods for shielding income for tax purposes (since offshore accounts are subject to a whole whack of anti-avoidance rules and holding companys are typically subject to more or less the same tax rate as people in the top marginal tax bracket - the Tax Act has tightened up a lot since the 1960s so there really aren't that many «loopholes»).