http://www.thekomisarscoop.com/2005/04/bringing-business-back-ashore-buenos-aires-issues-worlds-first-ban-on-offshore-shell-companies/ Reports & Analysis by Investigative Journalist Lucy Komisar Fri, 10 Feb 2012 14:09:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.thekomisarscoop.com/2005/04/bringing-business-back-ashore-buenos-aires-issues-worlds-first-ban-on-offshore-shell-companies/comment-page-1/#comment-5132 Archana Sat, 10 Feb 2007 19:34:52 +0000 http://thekomisarscoop.com/2006/08/22/bringing-business-back-ashore-buenos-aires-issues-worlds-first-ban-on-offshore-shell-companies/#comment-5132 This is really interesting, Lucy. I am studying tax evasion in Guatemala, and Nissen's actions seem very relevant to the situation here. Instead of offshore shell companies, a major debate here concerns the maquilas that receive a 10-year exemption from all taxes. It is said that many such factories shut down and reopen under a different legal name (but with the same board, shareholders, and operations) just to take advantage of another 10-year exemption. Perhaps this is something that can be handled on a local level instead of waiting for the Congress to enact nationwide reform. This is really interesting, Lucy. I am studying tax evasion in Guatemala, and Nissen’s actions seem very relevant to the situation here. Instead of offshore shell companies, a major debate here concerns the maquilas that receive a 10-year exemption from all taxes. It is said that many such factories shut down and reopen under a different legal name (but with the same board, shareholders, and operations) just to take advantage of another 10-year exemption. Perhaps this is something that can be handled on a local level instead of waiting for the Congress to enact nationwide reform.

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