CONTROLLLED FOREIGN COMPANIES (CFC)

CONTROLLLED FOREIGN COMPANIES (CFC) — Companies, usually located in low tax jurisdictions, that are controlled by a resident shareholder.  CFC legislation is usually designed to combat the sheltering of profits in companies resident […]

ADVANCE PRICING ARRANGEMENT (APA)

ADVANCE PRICING ARRANGEMENT (APA)  An arrangement that determines, in advance of controlled transactions, an appropriate set of criteria (e.g. method, comparables and appropriate adjustments thereto, critical assumptions as to future events) for the […]

WHAT IS MONEY LAUNDERING?

What is Money Laundering? Money laundering is the processing of criminal proceeds to disguise their illegal origin. This process is of critical importance, as it enables the criminal to enjoy these profits […]