At 6:51 PM -0400 8/12/96, Vince wrote:
Many fortune 500 companies have offshore corporations for "self insurance". Many many movies have corporations offshore just for that movie. These are type of "clean" corporations that taxhavens like.
George Soros' Quantum Fund is an "NV" corporation, domiciled in the Netherlands Antilles, for instance. We went over this about two years ago, but the original ;-) connotation of "e$" was eurodollar, or expatriate dollars held outside the US banking system. For a decade or so, maybe still, this was an excellent way to raise money for US corporations. Most of the Fortune XX companies did this stuff, and probably still do, all to avoid Uncle's sticky fingers. While we may be talking about something else here entirely :-), remember that tax avoidance is not necessarily tax evasion. And, of course, jurisdiction shopping ("regulatory arbitrage") isn't necessarily breaking the law. Cheers, Bob Hettinga ----------------- Robert Hettinga (rah@shipwright.com) e$, 44 Farquhar Street, Boston, MA 02131 USA "'Bart Bucks' are not legal tender." -- Punishment, 100 times on a chalkboard, for Bart Simpson The e$ Home Page: http://www.vmeng.com/rah/