Sentence examples for offshore transaction from inspiring English sources

Bermingham said his conduct "fell well below the standards expected" while Mulgrew accepted that an offshore transaction in the Cayman Islands "lacked integrity", adding: "I apologise unreservedly for my actions".

"A lot of it was an 'aha!' moment where I'm digging through the files, and I'm seeing a convoluted offshore transaction," Nehamas said.

Companies often reckon that if lawyers sign off on their offshore transactions, they should be in the clear.

They could, for instance, require that a statutory auditor confirm the legitimacy of offshore transactions, as Mexico does.

One change would empower the country to tax any offshore transactions involving assets in India dating to 1962.

Through their representatives, the Wylys say that they depended on the opinions of lawyers and accountants to ensure that their offshore transactions were legal.

Parliament passed a retroactive capital gains tax this year on offshore transactions involving Indian assets, overriding a Supreme Court ruling favoring foreign firms.

Mr. Birkenfeld's case underscores how federal authorities are stepping up scrutiny of offshore transactions that allow wealthy investors to avoid taxes.

The president said his longtime friend, cellist Sergei Roldugin, who is linked in the papers to $2bn in offshore transactions, had done nothing wrong.

Who is right is hard to say, because much of the offshore industry lies in the statistical shadows, with little academic work to illuminate it.The lawyers argue that many offshore transactions are about tax neutrality, not cheating.

"The Greenfield and Lowy case histories unfold like spy novels, with secret meetings, hidden funds, shell corporations, captive foundations and complex offshore transactions spanning the globe," Mr. Levin said.