Pavlo was wearing custom-tailored suits, tooling around in limos and flying to the Caymans regularly.
It's possible the Caymans was chosen to help Citi's foreign executives avoid taxes in their home countries.
This is why Chairman Ken Lay did not flee to the Caymans with riches, but stayed through the end.
For years Democrats have denounced the Caymans, which has no corporate income tax, as a refuge for tax cheats.
He insisted that he had "no personal bank account in the Caymans nor any direct personal investment in that territory".
Whilst City owners where celebrating the fruits of their commitment and investment, United owners where busy registering the club in the caymans.
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There are two reasons why you register a club in the Caymans, for Tax reasons and to keep your business away from prying eyes.
FORBES: Manchester United: where would we be without the Glazers?
In the Bolivian forest, the investment is at least protecting the river dolphins, jaguars, caymans and countless bird species which thrive in the park.
Mostly they work for U.S. firms, get paid in dollars and have the cash deposited where they like--often Switzerland, the Caymans or some other offshore haven.
And they buy Panameras and Caymans because true prestige in China is to be driven in a big sedan, not drive yourself in a sports car.
If U.S. investors owe taxes on their Caymans investments, then why did this fund for employees at Mr. Lew's New York-based Citigroup need to be located there?
In Caymans equipped with the Sport Chrono package, new dynamic transmission mounts stiffen up to minimize shift-shock and to keep the otherwise-bucking powertrain from deranging the car's handling.
WSJ: 2014 Porsche Cayman S Review: 911's Little Brother Grows Up | Rumble Seat by Dan Neil
The Caymans applied to the U.S. government to receive a decommissioned ship to use as an artificial reef, a process that was open for the first time to international applicants.
Britain's Barclays bank was publicly embarrassed in January when a British lawmaker quizzing its boss, Bob Diamond, asked him how many subsidiaries it had in the Isle of Man, Jersey and the Caymans.
According to Blum, the real problem is not in the Caymans but rather in places like the British Virgin Islands, where it's easy to set up "sham" trusts that can confound tax investigators.
He said the company is domiciled in the Caymans so it would receive similar tax treatment to a REIT, and that all transactions between HLSS and Ocwen are done at a fair market-value price.
Is this really a legitimate business transaction involving an Italian manufacturing subsidiary, two Caymans corporations and a licensing entity based in the Shetland Islands, or is it just a clever way to avoid paying U.S. taxes?
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If you are a shareholder in any multinational - and you will be, if you are saving for a pension - then it is in your interest that many use accounting techniques to channel their revenues to regimes, like Ireland, the Caymans and Bermuda, where tax rates are negligible to non-existent.
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Sailing the Caribbean blue by Lori Robertson, details how to island hop in the British Virgin Islands on a chartered boat, and Catch some rays in the Caymans is Tim Rock's review of Stingray City, often considered to be one of the best shallow dives and snorkelling spots in the world.
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