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#shellcompany — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #shellcompany, aggregated by home.social.

  1. The Tax Shell Game

    In 1983, I went to work for an international oilfield service company. This company was quite upfront about how it moved profits around its many subsidiaries to reduce taxes.

    tiereddemocraticgovernance.org

    Tax avoidance techniques have improved since then.

    #tiereddemocraticgovernance
    #shellcompany

  2. ⚠️ Nhiều người dân bất ngờ trở thành "giám đốc" công ty ma do bị lừa đảo, dẫn đến bị cấm xuất cảnh. Cảnh giác khi cung cấp thông tin cá nhân!

    #LừaĐảo #CôngTyMa #CảnhGiác #FraudAlert #ScamWarning #ShellCompany #LegalIssues

    vtcnews.vn/nhieu-nguoi-bi-lua-

  3. ⚠️ Nhiều người dân bất ngờ trở thành "giám đốc" công ty ma do bị lừa đảo, dẫn đến bị cấm xuất cảnh. Cảnh giác khi cung cấp thông tin cá nhân!

    #LừaĐảo #CôngTyMa #CảnhGiác #FraudAlert #ScamWarning #ShellCompany #LegalIssues

    vtcnews.vn/nhieu-nguoi-bi-lua-

  4. The Tax Shell Game

    I worked for a multinational oilfield service company in the 1980s. Here's how it avoided paying Canadian taxes:

    tiereddemocraticgovernance.org

    The tax evasion and avoidance techniques have got better since then.

    #tiereddemocraticgovernance
    #shell #shellcompany

  5. "One of the two U.S.-based companies contractors set to operate a Gaza checkpoint, Safe Reach Solutions, is a #ShellCompany of the Wyoming-based generational wealth management firm Two Ocean Trust, LLC." jackpoulson.substack.com/p/gaz

  6. …In simplified form, the process involves 2 basic parties. One is a private company that wants to go public. The other is a #ShellCompany that is already trading on the #StockMarket but has no operations — just a pile of cash that it can use to acquire a business. #SPAC shells are often called “#BlankCheck” companies because their investors have given them a certain amount of money but have no idea yet who the check will be made out to.

    #criminal #Trump #law #FEC #SEC
    #VoteBlue #Harris2024

  7. #DanielRotstein, the man #Pecker used in an ultimately failed effort to secretly obtain reimbursement for the #KarenMcDougal deal, was his own #fixer of sorts. Pecker had long used him to deliver the news that employees would be fired, to the point that Rotstein became known at Pecker's company as "Dr.
    Death."

    David Pecker is describing #MichaelCohen's creation of a #ShellCompany, #ResolutionConsultants, to reimburse Pecker for his #payoff to McDougal.

    #criminal #law #Trump #TrumpTrial

  8. #Trump Media & Tech stock fell 18%, erasing hundreds of millions from its *market value* — & putting a dent in Trump’s majority stake, worth >$3B. Since a surge in its 1st days of trading as #TrumpMedia, which lifted the value of the co to ~$8B at one point, the company’s shares have dropped by >50%.

    Trump Media was expected to register the potential sale of new shares after the completion of its merger w/ #DWAC, a #ShellCompany known as a #SPAC.

  9. Thru leaked docs, the Guardian has learned that #ESFamilyTrust operated like a #ShellCompany for a #Russian-American businessman named #AntonPostolnikov, who co-owns #PaxumBank & has been a subject of a yrs-long joint #federal #criminal investigation by the #FBI & #DHS into the #TrumpMedia merger.

    The trust’s existence has previously been reported…. However, who controlled the acct, how the trust was connected to Paxum, & how the money had been funneled thru it to TrumpMedia was unknown.

    #law

  10. You may be wondering just whence that staggering #valuation arises,then. There are a couple factors at play—namely, rich friends & retail-level suckers.
    …As a #ShellCompany established w/the express purpose of gathering #investments & absorbing them into the minimally operational #TrumpMedia, #DWAC curried investments from all manner of private institutions,most significantly #SIG… meaning #JeffYass, the #Republican #megadonor who’s been floated as potential #treasury sec if #Trump is reelected.

  11. …fresh from a merger w/a cash-rich #ShellCompany… Trump’s #socialmedia co jumped on its 1st day of trading on the #Nasdaq Tues, giving the co an estimated market value of ~$8B…

    The biggest beneficiary…has been #Trump, who owns about 60% of #TrumpMedia, making him the largest shareholder. His stake in the co — the parent of TruthSocial, the online platform that is Trump’s main megaphone… — is worth ~$4.6B *on paper*.

    nytimes.com/2024/03/26/busines

  12. Actual question: why are shell companies allowed to exist? Are they an accident of law, or were they created in law for nominally god reasons? #shellcompany

  13. CW: BigPharma abuse?

    Is #JohnsonAndJohnson seriously trying to use a #shellCompany to avoid paying #compensation to the families of #cancer victims, due to having #asbestos in #babyPowder?

    A they really going to try a file for #bankruptcy here?

    Honestly, this shouldn't even really be only a monetary compensation. If CEOs and executives turned a blind eye to this, then there needs to be an honest look at prison time for these cretins.

    #talc #talcumPowder #bigPharma

  14. CW: BigPharma crap

    Is #JohnsonAndJohnson seriously trying to use a #shellCompany to avoid paying #compensation to the families of #cancer victims, due to having #asbestos in #babyPowder?

    A they really going to try a file for #bankruptcy here?

    Honestly, this shouldn't even really be only a monetary compensation. If CEOs and executives turned a blind eye to this, then there needs to be an honest look at prison time for these cretins.

    #talc #talcumPowder