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Author: Adam Starchild Publisher: The Minerva Group, Inc. ISBN: 1893713024 Category : Commercial law Languages : en Pages : 439
Book Description
The Cayman Islands, a British Crown Colony, have no taxes whatsoever on income, profits, wealth or capital gains. The revenues of the Islands are derived from indirect taxes such as import duties and stamp duty. There never have been any taxes, so the absence of income tax is not an artificial absence created by legislation, but a natural one. Companies and trusts in the Cayman Islands enjoy the same tax-free status as individuals regardless of nationality of ownership. This absence of taxes, together with political and racial stability, has attracted the attention of investors seeking tax-free base for their operations. The Government of the Cayman Islands is aware it attractiveness to outsiders and actively encourages investment through the passage of legislation and development of the financial sector. In late 2000 the Caymans government reports that the world's fifth largest financial center (after New York, London, Tokyo, Hong Kong), saw a 51% increase in company registrations in the past year, with a total of 57,900 on file. 17 new banks were also registered, for a total of 465.
Author: Adam Starchild Publisher: The Minerva Group, Inc. ISBN: 1893713024 Category : Commercial law Languages : en Pages : 439
Book Description
The Cayman Islands, a British Crown Colony, have no taxes whatsoever on income, profits, wealth or capital gains. The revenues of the Islands are derived from indirect taxes such as import duties and stamp duty. There never have been any taxes, so the absence of income tax is not an artificial absence created by legislation, but a natural one. Companies and trusts in the Cayman Islands enjoy the same tax-free status as individuals regardless of nationality of ownership. This absence of taxes, together with political and racial stability, has attracted the attention of investors seeking tax-free base for their operations. The Government of the Cayman Islands is aware it attractiveness to outsiders and actively encourages investment through the passage of legislation and development of the financial sector. In late 2000 the Caymans government reports that the world's fifth largest financial center (after New York, London, Tokyo, Hong Kong), saw a 51% increase in company registrations in the past year, with a total of 57,900 on file. 17 new banks were also registered, for a total of 465.
Author: Frank H. Easterbrook Publisher: Harvard University Press ISBN: 0674253833 Category : Law Languages : en Pages : 386
Book Description
The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective.
Author: Adam Starchild
Author: Adam Starchild
Author: IBP, Inc.
Author: 
Author: IBP, Inc.
Author: IBP USA
Author: Frank H. Easterbrook
Author: IBP USA
Author: IBP USA
Author: IBP USA
Author: IBP, Inc