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The group's one jewel, bought in 2000, is Bank Austria, a successful retail and investment bank with a network of subsidiaries in central Europe.
The facts of the Apple case are straightforward: with the blessing of the Irish government, Apple created a byzantine network of subsidiaries to shelter its profits in an entity that was a tax resident of no country.
The company has wrestled with how to disentangle its network of subsidiaries and sell them for the best returns, in part because markets are inhospitable and potential buyers include rivals looking for a fire sale.
Large areas of supposedly protected intact forest have been cleared, in violation of forest-protection laws and "apparently in collusion with Cambodia's corrupt elite .Global Witness is urging authorities in Cambodia and Laos to revoke the two companies' land concessions, which cover 200,000 hectares and are held through a network of subsidiaries.
The Company delivers services across continents directly and through its network of subsidiaries.
It is a sprawling network of subsidiaries, minority holdings and joint ventures encompassing more than 200 enterprises.
Similar(48)
The broad and highly permeable damaged zone represents a network of subsidiary structures that bound the fault core, while the protolith consists of undeformed country rocks.
Interlocking networks of subsidiaries and sister companies can allow funds to flow quickly into promising new businesses.
Some large banks such as HSBC and Santander already have Balkanised structures, with networks of subsidiaries, each of which has enough capital to stand alone.
Big companies too have not just cut costs and repaid debts: they have got rid of the sprawling networks of subsidiaries that were built up in the 1980s, and many have turned themselves into more focused, profit-oriented entities.
The sum, larger than the economic output of Russia, South Korea and Spain, is held in an "opaque and secretive network" of 1,608 subsidiaries based offshore, said Oxfam.
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CEO of Professional Science Editing for Scientists @ prosciediting.com