Latest News for: Corporate offshore

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Even Scaled Back, Biden’s Tax Reforms Would Reshape Business

Barrons 19 Oct 2021
corporations avoid paying federal corporate income tax entirely ... Current law allows corporations to shift billions of dollars into offshore tax havens ... It ensures that offshore corporate profits are subject to a total tax rate (including taxes to companies’ home countries and to the foreign countries where they do business) of at least 15%.
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How offshore accounts turned the British Virgin Islands into an east Jerusalem landlord

Cleveland Jewish News 19 Oct 2021
(JTA) — Some of the most contested real estate in east Jerusalem have come under the legal control of the British Virgin Islands in recent years because the Israeli settlers who managed the properties used offshore accounts and failed to pay corporate fees and taxes.
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The new American leadership: Biden tells the world what he wants it to know

Intrepid Report 19 Oct 2021
Today, having witnessed the devastation and offshoring of the domestic manufacturing economy by those very same corporate managers, such an ...
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The Pandora Papers: Will the US Stop Hiding the World’s Dirty Money?

WhoWhatWhy 18 Oct 2021
How Do Offshore Financial Systems Work Around the World? ... Yet the Pandora Papers show that six offshore providers implicated in the Panama Papers simply shuffled their clients’ offshore entities to other less restrictive jurisdictions, including South Dakota, which has no personal, corporate, or estate taxes.
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Stagflation is Here

Armstrong Economics 18 Oct 2021
QUESTION. When do we talk about stagflation?. F. ANSWER. We are already experiencing it ... Because of the Democrats constantly pushing to raise taxes, they sent corporations fleeing offshore, and it was NOT merely because of the tax rate ... Thus, American companies moved offshore, NOT because labor was cheaper, but so they could complete ... ....
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RISKS TO THE RABBLE: The Struggle to Keep Democracy Real in Brazil

Brazzil 18 Oct 2021
Then last week, his finance minister, Paulo Guedes, was cited as holding offshore assets in the Pandora Papers – along with a host of Bolsonaro’s corporate sponsors, the tropical version of modern primitive accumulators par excellence ... So how does Bolsonaro hang on to power? Corporate media has certainly lent a gracious hand.
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5 Charts Show How Tax Reform Can Tackle Bad Corporate Behavior

truthout 16 Oct 2021
Here we highlight corporate tax proposals in play on Capitol Hill that are designed to discourage corporate tax dodging and offshoring, excessive CEO pay, and wasteful stock buybacks. Corporate tax dodging and offshoring. For decades, large corporations have pitted countries against each other to drive their own tax bills lower and lower.
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US declares ambitions on offshore wind

Seatrade Maritime News 15 Oct 2021
Crowley opens offshore wind services office in Rhode Island ... Following Haaland’s announcement at the Boston event, offshore wind experts gave their views on the feasibility of the sector development plans during an offshore wind conference, organised by Thomson Reuters Corporation.
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$72 million deal establishes Maryland’s first offshore wind manufacturing plant in Federalsburg

The Star Democrat 15 Oct 2021
FEDERALSBURG – A $72 million agreement between multinational power company Ørsted and Delaware-based manufacturers Crystal Steel Fabricators will establish Maryland’s first offshore wind steel fabrication center in Caroline County ... Earlier this year, it was ranked as the world’s most sustainable energy company by Corporate Knights.
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GNPC acquires Commercial Interest of 7% in Jubilee, TEN fields from Occidental Petroleum

Ghana Web 15 Oct 2021
Government through the Ghana National Petroleum Corporation (GNPC) has revealed it has acquired a 7 percent Commercial Interest (CI) on two of the country’s offshore oil blocks from Occidental Petroleum ... A statement issued by the Corporation explained the CI acquired will both ...
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Libya: Italian captain given jail term for handing migrants to Libya

The North Africa Journal 15 Oct 2021
Sotgiu was piloting the ship Asso 28 owned by Augusta Offshore at the time of the rescue on July 30, 2018. The migrants were picked up from an unseaworthy dinghy near a platform operated by Mellitah Oil & Gas, a consortium of Libya’s National Oil Corporation and Italy’s ENI.
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China easing mortgage rules on Evergrande contagion worries

Straits Times 15 Oct 2021
Financial regulators told some major banks late last month to accelerate approval of mortgages in the last quarter, said the people, asking not to be identified ... He said regulators should also loosen policies for project loans and onshore corporate bond markets, given that offshore debt financing is "almost shut down at the moment" ... BLOOMBERG ....
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China eases mortgages for rest of year amid Evergrande contagion

Straits Times 15 Oct 2021
Financial regulators told some major banks late last month to accelerate approval of mortgages in the last quarter, said the people, asking not to be identified ... He said regulators should also loosen policies for project loans and onshore corporate bond markets, given that offshore debt financing is “almost shut down at the moment.” ... ....
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As Evergrande default looms, what legal options do offshore creditors have?

Straits Times 14 Oct 2021
Below are some factors at play as offshore investors, with some US$20 billion (S$27 billion) of Evergrande debt outstanding, gear up to deal with the potential fallout from what could become China's biggest ever corporate default ... To work around this, offshore corporate bonds, in ...
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Rep. John Katko: Supply chain crisis is a national security problem

New York Post 14 Oct 2021
Our medicine, the vast majority of penicillin the United States used to consume was produced in Syracuse, and now all penicillin is produced offshore ... The Biden administration is talking about a huge tax increase on corporations, they’re going to do what they did before to survive — they’re going to move offshore.
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