Latest News for: Offshore trust


SEYCHELLES : Register of beneficiaries threatens to blow lid on trust company ownership

Africa Intelligence 23 Apr 2021
Seychelles trust companies and their clients are facing a major upheaval in the offshore sector. by 1 May, they will ....

The giant investment platforms and the risk to shareholder capitalism

Moneyweek 23 Apr 2021
We need to see more shareholder capitalism. © Alamy. Vanguard's financial advice revolution. Most people’s financial affairs are not complicated. If they are, they probably shouldn’t be ... That’s not a bad thing ... If you find yourself with a mix of offshore bonds held in trusts for some reason, it is more likely something has gone wrong than right ... So do I ... .

BreakingviewsReview: How drug money cost a family its name

Reuters 23 Apr 2021
Isaac Sackler left his three sons close to nothing “apart from their good name” ... Yet the first third of “Empire of Pain ... The company was relatively poor, and the families’ wealth stashed in multiple trusts, many of them offshore ... Its settlement offer was to run the company as a trust, distributing earnings from the sale of drugs, including opioids.

Billionaire Russian tycoon conspired with his son in a series of 'dishonest' schemes to stop ...

The Daily Mail 21 Apr 2021
She claimed that Temur plotted with his father to prevent her getting it by either receiving vast sums himself or helping him to hide it in a series of offshore trusts ... plan to 'evade and frustrate' his ex by moving the 377ft vessel between an array of offshore companies.

How your investments fared in the first quarter

Independent online (SA) 20 Apr 2021
Looking at offshore equity markets, the Dow Jones Industrial Average was up about 9% in US dollars for the quarter and 57% for the 12 months ... Over the 12 months to March 31, however, it strengthened by about 22%, which means that the performance of offshore investments may have been lower than expected in rand terms.UNIT TRUSTS.

Offshore wind developments hindered by floating fixation

The Engineer 19 Apr 2021
Deep-water offshore wind development is being hindered by a focus on floating wind at the expense of fixed-bottom or buoyant foundations ... could floating turbines reshape offshore renewables? ... The Carbon Trust has found that development at deep water sites of over 60m would boost European offshore wind capacity by 4TW and US capacity by 2TW.

China Huarong panic eases after government breaks silence

Straits Times 19 Apr 2021
Under Lai, Huarong moved beyond its original mandate of helping banks dispose of bad debt, raising billions of dollars from offshore bondholders and expanding into everything from trust companies to securities trading and illiquid investments.

David Cameron is accused of 'deep hypocrisy' over his chairmanship of tech firm based in ...

The Daily Mail 17 Apr 2021
WHAT ARE OFFSHORE ACCOUNTS AND HOW ARE THEY USED? ... Companies or trusts can be set up in offshore locations for legitimate uses such as business finance, mergers and acquisitions and estate or tax planning, according to the global money laundering watchdog, the Financial Action Task Force.

A Billionaire Tax Cheat Walked Free, but His Lawyer Gets Charged

The Daily Beast 16 Apr 2021
In the indictment, prosecutors claim the attorney helped Smith create a network of offshore trusts and LLCs in Belize and the Caribbean island of Nevis to conceal about $225 million in income Smith had earned from capital gains from 1999 until 2014 ... He then allegedly set it up such that the trust, rather than Smith, officially owned Flash Holdings.

What emigrating taxpayers need to know in 2021

Independent online (SA) 14 Apr 2021
By Jean du Toit ... Recent changes to expatriate tax procedures and Sars’ dramatically improved auditing capabilities mean the exit process is more stringent than ever ... In addition, Sars used to breeze over trusts. These days, it will request its assets and liabilities statements, list of shareholders and disclosure of any offshore assets it may have.

This upper-class traitor walked away from billions — and he's here to tell us how ...

Raw Story 13 Apr 2021
What if a rich person steals money from people and then parks it in an offshore trust or some other type of account or asset? There is a law professor at the University of Richmond named Allison Tait who describes this as "high-wealth exceptionalism." ... So what do you do? You move it into an offshore tax haven.
Edit Marches Forward Through Q1 2021 with a Year of Rapid Growth

The Marshall News Messenger 12 Apr 2021
As a result, we’ve become a go-to trusted advisor to the C-suite, working with innovative CTOs, CDOs and CIOs for a wide range of data engineering and analytics services on their digital transformation path,” said Kerem Koca, co-Founder and co-CEO of ... He most recently held senior executive leadership positions at Northern Trust and HSBC.

Navigating Indian Defense Outreach with the Gulf

The Washington Institute 07 Apr 2021
Moreover, Indian private industry giants such as ONGC Videsh Limited, which have already acquired 10 percent stakes in UAE offshore oilfields, could also be persuaded to venture into the defense sector. As these private players are already trusted partners in the region in oil extractions, their mandate can be extended to the defense sector as well.

Recruitment – the final piece to a reimagined Sars

Independent online (SA) 06 Apr 2021
By Jean Du Toit. Sars has taken a critical step in rebuilding the revenue authority by launching a massive recruitment drive ... Words into action ... Wealthy taxpayers no. 1 on Sars’ list ... The once far off idea of lifestyle audits, detection of offshore assets and the untangling of complex trust structures is now a reality ... Criminal prosecution.

A Covid-19 tornou os super-ricos mais ricos. Precisamos taxar riquezas bilionárias

Open Democracy 05 Apr 2021
Bilionários americanos acumularam riqueza e poder que distorcem a democracia – enquanto milhões foram lançados na pobreza. Chuck Collins ... ... Nenhuma dessas propostas terá sucesso a menos que os EUA acabem com as brechas fiscais, os paraísos fiscais offshore e as chamadas "dynasty trusts" que permitem aos ultra-ricos esconder sua riqueza ... .