Sentences with phrase «offshore havens»
"Offshore havens" refers to countries or regions that offer attractive financial benefits, such as low taxes or strict banking secrecy, to companies and individuals who want to protect their wealth or minimize their tax obligations. Full definition
According to the International Consortium of Investigative Journalists, many of the world's richest citizens are stuffing cash in offshore havens to avoid paying tax.
canadianbusiness.com
Banks's links to Alan Kentish and the STM set whose speciality is using offshore havens to guard wealthy clients» secrets raise new questions about his Brexit campaign.
In The Phantom Pain, it's 1984 and Snake is attempting to rebuild his military offshore haven Mother Base following its destruction at the end of Ground Zeroes (I strongly suggest you play that before this).
While he held his assets in shell companies in Cyprus and other offshore havens, he said he wasn't fleecing the bank — he was trying to keep them out of the hands of Nursultan Nazarbayev, Kazakhstan's president since 1991.
A 2012 study conducted by James Henry, former chief economist at consultants McKinsey & Co, estimates the wealth stored in offshore havens to be between $ 21 and $ 32 trillion.
The double Irish allows companies to collect profits through one subsidiary that employs people in Ireland, then route those profits to an Irish mailbox subsidiary that is a tax resident of an offshore haven like Bermuda, Grand Cayman or the Isle of Man.
Currently, Belize is also ideal for those wanting an offshore haven for their money.
Despite SLPs being around for a century, the Panama Papers have prompted questions about whether they make Scotland an offshore haven of its own, in the same guise as Panama itself.
The wider impact has seen a reduction in the volume of house transactions and the banishment of large commercial transactions to offshore havens.