Share this page | Email | Contact Us

Special Report on

Offshore Finance and Tax News

offshore finance and tax news special research report Photo by
Equity markets on both sides of the Atlantic have come under selling pressure on account of uncertainty over where the world economy is headed. The greatest headache is a high oil price, which has unnerved many investors who remember how soaring costs of crude sparked off recessions in the past. Many analysts believe it is inappropriate, however, to draw comparisons with the oil shocks of the 1970s. Economies have moved on and service industries have surpassed the old, oil-fuelled industries in terms of importance. “You shouldn’t draw comparisons with the 1970s as we are now in a much more disciplined environment and a very ...
although not precisely defined, is usually a small, low-tax jurisdiction specialising in providing the corporate and commercial services to non-residents in the form of offshore companies and the investment of offshore funds.
Large corporations | Financial News
The development of corporations has turned out to be a great boon for American as well as world economy. Basically a corporation is understood as a lawful body that entitles a group of people to act as unit or an individual. But since past few decades a new dimension is given to the term corporation. Corporation now refers to both profit and non-profit businesses that are identified or classified according to their tax structure. Corporations are taxed differently, not like normal businesses. On the basis of taxation, corporations are divided into two categories- C- corporations and S-corporations. C-corporations are those that ... market research, surveys and trends
To be, or not to be planting flags in Denmark
The Kingdom of Denmark is one of those places like Ghana or Guatemala… everyone’s heard of it, but no one really knows anything about it aside from what they read in Hamlet. I’m here to tell you that the country definitely has some merit, and it may be worthy of you planting some flags, with caution. For starters, Denmark ranks very highly as a place to plant a PT or part-time residency flag. One of the biggest reasons for this is because there is no language barrier; sure, Danish is the official language, but North American English is spoken with a near native fluency. This is quite common in Scandinavia; ... market research, surveys and trends


FINANCE: Corporate Profits Take an Offshore Vacation - IPS
NEW YORK, Feb 23, 2007 (IPS) - Last week, Merck, the pharmaceutical multinational, announced that it will pay 2.3 billion dollars in back taxes, interest and penalties in one of the largest settlements for tax evasion the U.S. Internal Revenue Service (IRS) has ever imposed. Merck had cooked its tax books by moving ownership of its drug patents to its own Bermuda shell company - an entity that has no real employees and does no real work - and then deducting from U.S. taxes the huge royalties it paid itself. While setting up a shell company is not inherently illegal, it is if tax authorities determine that its only ... industry trends, business articles and survey research
Obama Seeks End of Corporate Tax Break to Raise $190 Billion ...
May 4 (Bloomberg) -- President Barack Obama proposed raising about $190 billion over the next decade by outlawing three offshore tax-avoidance techniques used by U.S. companies such as Caterpillar Inc. and Procter & Gamble Co. Obama’s plan also would make it riskier for Americans to stash money in tax-havens. The tax code is “full of corporate loopholes that makes it perfectly legal for companies to avoid paying their fair share,” Obama said at the White House today, as he outlined the plan along with Treasury Secretary Timothy Geithner . Obama’s announcement drew immediate criticism from two major business groups, the U.S. ... industry trends, business articles and survey research
Crist issues order for reappraisal of homes in counties affected by oil spill
— TALLAHASSEE � Gov. Charlie Crist today issued an executive order allowing appraisers to reassess property values in counties affected by the oil spill. But the refigured property assessments wouldn't mean reduced taxes owed. Instead, owners could then seek to have BP make up the difference paid on taxes for higher-valued pre-spill property. Crist's order does not direct appraisers to perform the reassessments and it provides no money for them to be done. "Today, I have signed an executive order that will provide relief to property owners in the counties under the state of emergency," said Crist. ... market trends, news research and surveys resources
LAW DEBENTURE CORP PLC - Half-yearly Report
The Law Debenture Corporation p.l.c. and its subsidiaries HALF YEARLY REPORT FOR THE SIX MONTHS TO 30 JUNE 2010 (unaudited) The Directors recommend an interim dividend of 4.2p on the ordinary shares for the six months to 30 June 2010. The report including the unaudited results for the period was as follows: Group summary From its origins in 1889, Law Debenture has diversified to become a group with a unique range of activities in the financial and professional services sectors. The group divides into two distinct complementary areas of business. Investment trust We are a global investment trust, ... market trends, news research and surveys resources


St. Vincent and the Grenadines: 2006 Article IV Consultation—Staff ...
strengthening of regulation and supervision of the offshore banking .... interest rates, the lack of opportunity for equity finance, and a tax regime that ... technology research, surveys study and trend statistics
Baucus Looks Into Questionable Tax Practices of Failed - The ...
– Senate Finance Committee Chairman Max Baucus (D-Mont.) launched an investigation today into the tax practices of Transocean Ltd., owner of the offshore drilling rig that exploded in the Gulf of Mexico this past April leading to a disastrous oil spill that has cost thousands of jobs and billions of dollars in damages. Baucus is looking into the U.S. tax implications resulting from Transocean relocating its headquarters to the Cayman Islands and Switzerland. “Transocean’s questionable business practices may be at fault for costing lives and livelihoods on the Gulf Coast, and now there are questions regarding ... technology research, surveys study and trend statistics
Sunday Times, News of the World and The Times and the satellite television ... Offshore tax havens may provide useful financial services to companies, but ...
latest webinars
  1. Microsoft PowerPoint - Tax Webinar Slides FINAL_May 2009
  2. Student Webinar – September 29 - SHARP Network
Join these Webinars to learn more about current research, trends and surveys.
UK tax question (re: offshore income)? - Yahoo! Answers
Must a UK resident declare 100% of their worldwide income? If so, how do UK residents get around this - do tax havens such as the British Virgin Islands have any treaties with the UK? Also, what is the % of income tax in the UK? ...what about an offshore trust? 5 months ago No, only UK domiciliaries who are also ordinarily resident have to declare their worldwide income. People who are resident but not domiciled in the UK only have to declare UK income arising or money that they bring into the country. The difference between domicile and residence in the UK is tricky. Google 'British domicile' for an ...
What are some of the tax issues one should be aware of when ...
The oil business has so many industry-specific tax measures that it's hard to know where to begin. I haven't done much in this area other than overriding royalty owners since the 1980s. The basic split is between royalty owners and working interest owners. The latter are the ones "at risk" for their investments, because usually the royalty owners are paid "first" and the working interest owners have to pay for the costs of operating a well. Sometimes the costs of the well are financed through non-recourse debt, which raises at-risk issues as to whether the owner can deduct expenses. Royalty owners can be "override" or ...