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...Commended Baker McKenzieO: 8; L: 7; I: 7; Total: 22Led by partner Kammalard U-rapeepatanapong, the firm’s Thailand office has done pioneering work on digital assets in the region....
...However, this is not true for corporations....
...Those changes are understood to be related to foreign investors’ ability to hold offshore accounts, repatriate foreign currency and settle disputes under New York arbitration rules....
...In particular, the government will need to focus on ensuring that large corporations overseas are paying tax for income generated in the UK and prevent tax avoidance through offshore funds....
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...Second, the use of anonymous shell corporations makes it increasingly hard to identify the beneficial owners of the wealth held offshore....
...foreign profits of U.S. multinational corporations....
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...Many firms — US investment managers among them — start moving offshore....
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...Its statement says: “The transaction, if consummated, is expected to result in the combination of the two companies under a new U.K.-incorporated holding company....
...Still, officials privately express disappointment that Bridas Corporation, one of the top energy companies in Argentina in which a 50 per cent stake was acquired by the China National Offshore Oil Corporation...
...Carl Levin, the Michigan Democrat leading the inquiry, has said offshore tax dodging by corporations is “one significant cause of the budget deficit, and adds to the tax burden that ordinary Americans bear...
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...Ireland has incidentally guided its 12.5 per cent corporation tax rate through its bailout. It even outlived Sarkozy’s presidency....
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...Besides Tullow, operators include Anadarko, Afren, BG Group, Ophir and Statoil – and the pressure is on....
...Its first report, last May, identified areas of concern, including a lack of transparency at the Ghana National Petroleum Corporation....
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...Drilling success at the seventh well in Mozambique’s Offshore Area 1 of the Rovuma Basin was “the largest pay count of any well in the complex to date”, said Bob Daniels, Anadarko’s senior vice-president...
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