A Number of reports and surveys have concluded that corporate vehicles (offshore companies) are used extensively in criminal activities. For example, a recent survey conducted of EU member States indicated that almost every criminal act, including economic crimes, involves the use of legal persons and the Euroshore Report asserted that corporations throughout the world are used to launder money!!
Tax authorities in OECD Member countries have also expressed concern that individuals using corporate entities to hide their assets and activities in order to escape taxes legally due will likely grow!!
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Only the early bird catches the worm.
Tax authorities in OECD Member countries have also expressed concern that individuals using corporate entities to hide their assets and activities in order to escape taxes legally due will likely grow!!
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Only the early bird catches the worm.
