Latest News for: Offshore trust

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Supreme Court Weighs Purdue Pharma’s $6 Billion Opioid Settlement

Live Mint 05 Dec 2023
... if they prevailed on their claims, [face] serious issues about being able to collect,” he said.That is “only because the Sacklers have taken the money offshore, right?” said Justice Ketanji Brown Jackson, referring to the overseas trusts where much of the family’s wealth is held.
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‘Business at the heart of government’ has to be more than words

The Times/The Sunday Times 03 Dec 2023
When it comes to regaining the trust of corporate Scotland, there are times politicians really don’t help themselves ... Stephen Leckie, president of Scottish Chambers, had a relatively simple request for our elected leaders ... Related articles ... Offshore Trust ... .
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Brazil To Soon Introduce Tax on Crypto Profits, Will This Impact Adoption?

CoinGape 30 Nov 2023
If you are a tax resident in Brazil and own an offshore company or trust, taxes are only applicable when the entity distributes profits to you ... However, if you are a tax resident in Brazil and own an offshore company or trust, you will be subject to individual taxes on any profits attributed to you, regardless of whether they are distributed.
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The Supreme Court may toss out Purdue Pharma’s bankruptcy settlement

Economist 30 Nov 2023
Between 2008 and 2016 they upped Purdue’s distributions to family trusts and holding companies, draining about $11bn from the firm—in what one family member described as “more of a smart milking programme than a growth programme” ... But less than half voted ... Recovery of the whole fortune may be impossible since much of it is stashed in offshore trusts.
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Long Beach yachtsman Doug Baker dies at 85

Press Telegram 28 Nov 2023
Long Beach yachtsman Doug Baker, a successful competitive sailor who regularly participated in the iconic Transpac race, has died ... Jeannie Baker raced with him once offshore, on a couple’s regatta from Long Beach to Puerto Vallarta ... Yet, he also trusted his crew. “I believe he was the oldest offshore racer in the United States,” Richau said ... .
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TELUS International Celebrates the Launch of Eco-Friendly Site in Morocco As Part of Its Expansion ...

Enid News & Eagle 28 Nov 2023
... Planet, and to fulfill the near-term demand we are seeing for greater diversification in offshore and nearshore delivery capabilities for AI data solutions, multilingual customer support and trust and safety services,” said Jeff Puritt, President and CEO of TELUS International.
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NCA questions Matt Hancock and Michael Gove in PPE Medpro inquiry

The Observer 26 Nov 2023
Documents indicate tens of millions of pounds of PPE Medpro’s profits were later transferred to a secret offshore trust of which Mone and her adult children were the beneficiaries ... from PPE Medpro’s profits then transferred £29m into a trust for Mone and her three adult children.
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How Socceroos legend Lucas Neill went from earning $76,000 a week in the Premier League ...

The Daily Mail 26 Nov 2023
Neill faced the jail time because almost $4million he received for the sale of a 144-acre property was transferred to his offshore trust - but he had no idea money the came to him because he mistakenly believed the property had already been repossessed. He is now trying to locate those funds. 'My head was a mess ... New York TimesAustralia Football. .
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Old Mutual thrives over nine months despite higher outflows

Independent online (SA) 23 Nov 2023
Personal Finance experienced strong single premium guaranteed annuity sales and higher recurring premium savings sales ... Gross flows grew by 8% mainly due to higher inflows in Old Mutual Africa Regions following a higher demand for offshore investments in Namibia as well as new man-dates secured and higher unit trust sales in East Africa.
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Lord Cameron must reveals links to Chinese port project, says Labour

AOL 23 Nov 2023
Lord Cameron must reveal the extent of his links to a Chinese-backed enterprise, ministers have been told ... The Labour frontbencher added. “If not, will the Government now investigate this to see if all such matters, including any use of offshore trusts, were properly declared and taken into account before this appointment was made?” ... .
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HMRC examines if David Cameron failed to fully disclose Greensill private flights as taxable perks

The Guardian 22 Nov 2023
They are also examining an offshore trust that it is understood was created by Greensill to pay him extra benefits.
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