The Key To Understanding How Money Moves Offshore Under The Radar Via Shell Companies

What Are Shell Companies?

Shell companies are corporations that exist on paper only and have no real business operations or assets. They are often used to hide the true ownership of assets or to facilitate illegal activities, such as money laundering or tax evasion.

The Finchley Road Fraud: The key to understanding how money moves offshore under the radar via shell companies (The Gordon Bowden files Book 1)

by Gareth Williams

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Shell companies can be created in any country, but they are most commonly found in jurisdictions with lax corporate regulations and low taxes. These jurisdictions often offer anonymity to company owners and directors, making it difficult to trace the movement of money through shell companies.

How Are Shell Companies Used To Move Money Offshore?

Shell companies can be used to move money offshore in a variety of ways. One common method is to create a shell company in a low-tax jurisdiction and then transfer funds to the shell company from a bank account in a high-tax jurisdiction. The money can then be withdrawn from the shell company's account tax-free.

Another method is to use a shell company to purchase assets, such as real estate or yachts. The assets can then be sold for a profit, and the proceeds can be repatriated to the owner's home country tax-free.

Risks Associated With Using Shell Companies

There are a number of risks associated with using shell companies. One risk is that the shell company could be discovered by tax authorities, which could lead to fines or imprisonment. Another risk is that the shell company could be used for illegal activities, which could put the owner at risk of criminal prosecution.

In addition, shell companies can be expensive to set up and maintain. The owner will need to pay for legal fees, accounting fees, and other expenses.

Shell companies are a key component of the global financial system, and they play a major role in the movement of money offshore. However, it is important to be aware of the risks associated with using shell companies before using them.

The Finchley Road Fraud: The key to understanding how money moves offshore under the radar via shell companies (The Gordon Bowden files Book 1)

by Gareth Williams

4.5 out of 5

Language	:	English
File size	:	24351 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	186 pages
Lending	:	Enabled
Screen Reader	:	Supported

FREE