Sentences with phrase «use of offshore companies»

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.

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.

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.

Not exact matches

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»).

Dear Mark, i do believe in entrepreneurs as i am one of them.I curently operate a dental laboratory in California, that needs funding.I am in the procces of attracting business from dentists i work with through direct mail and telemarketing.I'm setting up a small offshore office to do the marketing part since the overhead is to expensive here.But the manufacturing of the finished products will be done in the USA creating jobs through production.A lot of manufacturing work is done offshore but through line production i'd like to keep the most in here.As an immigrant to this country i'd like to suport it to get back in shape financialy for the future of my childrens.I am also copying an idea i have seen at a large company i used to work.I'm in the process of setting up 2 other companies that will compete with my existing one but since they will be providing same products at different prices will atract different type of clients (dentists).

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.

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.

Schumer was careful today to separate offshore firms and other companies that use a high number of H - 1B visas from U.S. tech companies such as Oracle, Cisco, Apple, and Microsoft, which he named specifically.

They have resulted in the so - called Panama Papers: a series of reports exposing politicians, celebrities and some criminals who used Mossack Fonseca's services to stash assets in offshore companies.

E.ON and Scottish Power have both recently won offshore leases from the U.K. government to use Pelamis technology, and the company itself has secured its own lease — obviously with the goal of using its own machines.

In their report, the MPs called for the UK government to use its observer status at the Arctic Council, a federation of the eight Arctic nations, to push for a ban on offshore oil exploitation — at least until we have the technology and institutions in place to contain oil spills in the Arctic, and a liability scheme so companies can prove they can bear clean - up costs.

So - called roadless oil extraction, in which oil companies use offshore exploration and production methods and leave less of an imprint on the area being drilled, is a viable alternative, argue Swing and others associated with Scientists Concerned for Yasuni, a network of independent researchers that first came together in 2004 to stop a proposed road project inside the park.

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.

There are various ways of structuring your business affairs using offshore investing companies or trusts that can cut or defer your taxes.

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.

Under the category «Regulatory and litigation risks» the 10 - K says specifically that «changes in environmental regulations or other laws that increase our cost of compliance or reduce or delay available business opportunities (including changes in laws related to offshore drilling operations, water use, or hydraulic fracturing)» are a risk to the company's health and wellbeing.

New Bedford, Mass. — October 20, 2017 — Deepwater Wind will establish a significant construction and long - term operations hub in the City of New Bedford for its Revolution Wind project if selected by the state's utilities, the company announced today, becoming the first offshore wind developer to commit to using the City as its base.

Environmental disasters, such as the offshore spill in Santa Barbara and the water quality problems in Flint, Michigan, coupled with more aggressive government regulation (prior to 2017), have also led insurance companies to demand higher premiums and deductibles, and to refuse types of coverage that used to be routinely available, such as «cost - cap» environmental coverage, which protects against cost overruns for the remediation of polluted sites.

«It seems to be that at the moment companies using offshore structures are in the focus of the tax authorities for such transfer pricing audits.

We manage the creation, administration and use of offshore trusts, companies, partnerships, foundations and other appropriate entities.

Unfortunately, oil, gas and shipping companies, and their insurance providers, often try to use their extensive resources and power to get out of paying injured offshore workers and their families compensation that is owed to them.

Asked about the impact of the revelations, Aird & Berlis» managing partner Steven Zakem said, as acknowledged by the International Consortium of Investigative Journalists, which made the documents available on its web site, there are legitimate uses of for offshore companies and trusts.

Sometimes offshore boiler rooms will use a UK company as an «escrow agent» and investors will be encouraged to take comfort in the fact that they are transferring their money to a UK company, wrongly believing that they are covered by statutory protections, while the UK - based company is in fact transferring substantial sums of their money to an overseas boiler room operator.

However, little attention has been paid to the line at the end of each individual entry that states: «There are legitimate uses for offshore companies.»

Whether you are leveraging state exemptions, opting for the use of onshore and offshore trusts, designating trustees, or employing liability insurance or a family limited liability company, we will make sure you are aware of all available options.

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.

«As well, the People's Bank of China will be assisting with tracing offshore companies and accounts that are suspected of being used to smuggle and launder embezzled funds, and the party's Organization Department will keep a close eye on party members» travel documents,» according to official Chinese government statements.