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Offshore Accounts News

  • Financial Statement Manipulation: The Enron Saga Tuesday, March 9, 2010 @ 5:27PMIf you need a good example of how financial statements can be manipulated, I only need to give you one word: Enron.
  • Measuring the success of EM Tuesday, March 9, 2010 @ 4:44PMA small test offshore Norway could spark a new flame of interest in offshore electromagnetic survey (EM) technology . . .
  • ISA Capital do Brasil S.A. Announces Expiration of Tender Offer for Its 8.800% Senior Notes Due 2017 Tuesday, March 9, 2010 @ 1:02PMISA CAPITAL DO BRASIL S.A. , a stock corporation organized under the laws of Brazil, announced today that its cash tender offer and consent solicitation for its outstanding 8.800% Senior Notes due 2017 , expired at 5:00 p.m., New York City time, on March 8, 2010 .
  • StarTek to hire another 1,000 employees for QC facility Tuesday, March 9, 2010 @ 11:05AMBusiness Process Outsourcing services firm StarTek will recruit an additional 1,000 employees to support its brand new facility in Quezon City. Related posts: BPO firm Stream Global to hire 5,000 call agents in ‘10 New York-listed business process outsourcing firm Stream Global Services Inc.... Convergys to hire 4,500 new agents in RP Convergys Corp., one of the Philippines top employers in the ...
  • CDC Corporation Reports a 56 Percent Increase in the Fourth Quarter 2009 Adjusted EBITDA from the Third Quarter 2009 ... Monday, March 8, 2010 @ 11:08PMHONG KONG & ATLANTA----CDC Corporation , a leading global enterprise software, IT services and new media company, today announced financial results for the fourth quarter and year ended December 31, 2009.
  • Canadian National Stock Exchange Announces Designation by U.S. Securities and Exchange Commission Monday, March 8, 2010 @ 5:38PMTORONTO, ONTARIO--(Marketwire - March 8, 2010) - CNSX Markets Inc. (CNSX Markets) today announced that CNSX Markets has received Designated Offshore Securities Market status from the United States Securities and Exchange Commission (SEC) within the meaning of Rule 902(b) of Regulation S under the Securities Act of 1933 (the "1933 Act"). The designation includes both the Canadian National Stock ...
  • Canadian National Stock Exchange Announces Designation by U.S. Securities and Exchange Commission Monday, March 8, 2010 @ 5:30PMTORONTO, ONTARIO-- - CNSX Markets Inc. today announced that CNSX Markets has received Designated Offshore Securities Market status from the United States Securities and Exchange Commission within the meaning of Rule 902 of Regulation S under the Securities Act of 1933 .
  • Lawmakers letting the air out of wind power project Monday, March 8, 2010 @ 3:34PMThe possibility of the nation’s first fresh water wind turbine farm located near Oswego County is turning bleak.
  • Sri Lanka central bank says eases forex controls Monday, March 8, 2010 @ 3:11PM(Adds details, quotes)
  • (AFX UK Focus) 2010-03-08 12:51 UK offshore assets tax amnesty to fall short-analysts Monday, March 8, 2010 @ 1:13PMBy Chris Vellacott
  • Offshore assets tax amnesty seen to fall short Monday, March 8, 2010 @ 1:11PMBy Chris Vellacott
  • Offshore assets tax amnesty seen to fall short Monday, March 8, 2010 @ 12:43PMTax authorities have overestimated how much they will raise in an amnesty on undeclared offshore financial interests that closes on Friday amid widespread public scepticism, analysts believe.
  • New On The Lowtax Network Today Monday, March 8, 2010 @ 12:17PMThe independent offshore and alternative investment guide for expatriates and the globally aware investor.
  • US citizen a key player in alleged Italian telecom fraud Monday, March 8, 2010 @ 11:56AMIDG News Service - An apparently well-connected Soviet-born U.S. citizen has emerged as a key player in a massive Italian telecom fraud, according to court documents and published reports.
  • U.S. Enriches Companies Defying Its Policy On Iran Saturday, March 6, 2010 @ 8:55PMThe U.S. federal government has awarded more than $107 billion in contract payments, grants and other benefits over the past decade to foreign and multinational American companies while they were doing business in Iran, despite Washington’s efforts to discourage investment there, records show.
  • Alliance@IBM appeals for support from Big Blue workers Saturday, March 6, 2010 @ 7:04PMGet the latest news alerts: Follow LTW at Twitter. RESEARCH TRIANGLE PARK, N.C. – As reports of layoffs across 28 groups involving nearly 2,700 employees at IBM (NYSE: IBM ), the union seeking to represent those employees called for more workers to speak out against the cutbacks.
  • Parkinson announces budget changes, slams Legislature’s tax breaks; Senate president advances tax increase plan Saturday, March 6, 2010 @ 8:17AMGov. Mark Parkinson on Friday announced $85 million in budget adjustments and then sharply criticized the Legislature for going on a 20-year “tax-cutting binge” that has helped the wealthy and hurt average Kansans.
  • Tax Relief: IRS Eases Squeeze On Some Foreign-Account Holders Saturday, March 6, 2010 @ 4:36AMFewer investors will be subject to tough reporting rules on foreign accounts, according to the latest IRS guidance.
  • Tory campaign to target key seats was backed by a £750,000 tax-haven loan Friday, March 5, 2010 @ 10:40PMThe Conservative Party’s last general election campaign was partly financed with a £750,000 loan from an offshore haven, The Times has learnt.
  • Switzerland Keeping the Secrets of Alleged Tax Evaders Friday, March 5, 2010 @ 10:00PMUBS agreed to give up the names of alleged American tax cheats -- but for Switzerland, giving up secrecy is a hard thing to do
  • Papua New Guinea—2010 Article IV Consultation Preliminary Concluding Statement of the IMF Mission Friday, March 5, 2010 @ 9:33PMThis statement contains our preliminary policy recommendations following discussions with the Papua New Guinean authorities and a range of other institutions.
  • Tax Incentives for Business Friday, March 5, 2010 @ 7:32PMAdditional Tax Credits for Qualifying Advanced Energy Manufacturing Projects – Section 48C of the Internal Revenue Code of 1986, as amended (the "Code"), provides a 30 percent tax credit for taxpayers that manufacture property to be used in producing specified types of renewable energy.
  • Firms See South Africa Prospects Differently Friday, March 5, 2010 @ 4:16PMTwo construction companies, a designer and a contractor with major footholds in South Africa, take somewhat different views of the country’s market prospects in these tougher economic times.
  • Parents jailed for tax fraud Friday, March 5, 2010 @ 3:59PMTwo Northern Ireland parents were jailed on Friday 26 February 2010 for evading tax leaving them owing HM Revenue & Customs over £4 million.
  • Murder for hire trial starts here Thursday, March 4, 2010 @ 4:12PMA murder-for-hire trial expected to last about two weeks got under way in Morgan County District Court on Wednesday.
  • Teekay Offshore Partners Reports Fourth Quarter and Annual Results Thursday, March 4, 2010 @ 1:28PMHAMILTON, BERMUDA--(Marketwire - March 4, 2010) - Teekay Offshore Partners L.P. (NYSE:TOO) - H
  • Perficient Reports Fourth Quarter and Year-End 2009 Results Thursday, March 4, 2010 @ 1:15PMST. LOUIS----Perficient, Inc. , a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today reported financial results for the quarter and year ended December 31, 2009.
  • Teekay Offshore Partners Reports Fourth Quarter and Annual Results Thursday, March 4, 2010 @ 1:08PMHAMILTON, BERMUDA--(Marketwire - 03/04/10) - Teekay Offshore Partners L.P. (NYSE: TOO - News ) - Highlights - Generated distributable cash flow of $18.2 million in the fourth quarter of 2009, up from $13.4 million in the third quarter of 2009. - Declared and paid cash distribution of $0.45 per unit for the fourth quarter of 2009. Teekay Offshore GP LLC, the general partner of Teekay Offshore ...
  • Carper one of three senators pushing for financial incentives for windpower Thursday, March 4, 2010 @ 12:34PMSens. Tom Carper (D-Del.), Olympia Snowe (R-Maine), Sherrod Brown (D-Ohio), and Susan Collins (R-Maine) introduced legislation to provide critical financial incentives for the investment and production of offshore wind energy.
  • Tall ship could have been rescued sooner: officer Thursday, March 4, 2010 @ 12:21PMThe first officer of a Canadian-owned tall ship that went down off Brazil said he and 63 others on board could have been rescued within hours if Brazilian officials had sent out an emergency call for help sooner.
  • Background Note: Sierra Leone Tuesday, March 2, 2010 @ 3:04AMGeography Area: 71,740 sq. km. (29,925 sq. mi.); slightly smaller than South Carolina. Cities: Capital --Freetown (est. 786,900). Provincial capitals-- Southern Province, Bo; Eastern Province, Kenema; Northern Province, Makeni. Terrain: Mangrove swamps ...
  • Letters to the editor: March 2, 2010 Tuesday, March 2, 2010 @ 1:22AMHere are letters to the editor from Daily News editions of March 2, 2010:Now you’ve done itEditor, Daily News:Although the photo quality is not the best, I hope you will place this picture in the paper to show everyone what the Golden Gate Estates community accomplished at the donations drop-off site at Randall Boulevard and 16th Street Northeast.The donations of clothing, shoes, toys, food ...
  • Lone Senator Blocks Jobless Benefits Tuesday, March 2, 2010 @ 1:00AMRepublican Jim Bunning Halts Legislation that Would Renew Highway Programs; Medicare Payments to Doctors Slashed 21 Percent
  • MarkWest Energy Partners Reports Record Quarterly Distributable Cash Flow Monday, March 1, 2010 @ 9:19PMDENVER----MarkWest Energy Partners, L.P. today reported cash available for distribution to common unitholders, or distributable cash flow , of $63.2 million for the three months ended December 31, 2009, and $192.4 million for the year ended December 31, 2009.
  • McDermott Reports Fourth Quarter 2009 Results; Net Income of $98.7 Million, $0.42 Per Fully Diluted Share Monday, March 1, 2010 @ 9:10PMHOUSTON----McDermott International, Inc. today reported net income of $98.7 million, or $0.42 per diluted share, for the 2009 fourth quarter, compared to $43.0 million, or $0.19 per diluted share, in the corresponding period of 2008.
  • The Big Destructiveness Of The Tiny Bribe Monday, March 1, 2010 @ 7:48PMSmart businesses are banning the everyday graft that permeates many Third World nations.
  • Chile Quake to Delay Central Bank’s Rate Tightening (Update2) Monday, March 1, 2010 @ 7:34PMMarch 1 (Bloomberg) -- Chile’s central bank will probably delay raising interest rates as the country’s biggest earthquake since 1960 slows its economic recovery, analysts from Goldman Sachs Group Inc. and Bank of America said. Bond yields fell.
  • Chile Quake to Delay Central Bank’s Rate Tightening (Update1) Monday, March 1, 2010 @ 7:09PMMarch 1 (Bloomberg) -- Chile’s central bank will probably delay raising interest rates as the country’s biggest earthquake since 1960 slows its economic recovery, analysts from Goldman Sachs Group Inc. and Moody’s Economy.com said. Bond yields fell.
  • Money laundering – easy as P-L-I Monday, March 1, 2010 @ 5:30PMThe big problem with money is that it really only means anything to you when you spend it – it has no intrinsic value. This simple fact causes criminals who commit crime for financial gain some serious headaches.
  • Paul faces three challengers in District 14 Monday, March 1, 2010 @ 4:50PMThe race for District 14 features a longtime incumbent facing three upstarts eager to bring new blood to the nation’s capital.
  • Oil States Announces Fourth Quarter Earnings of $0.78 Per Share Monday, February 22, 2010 @ 1:00PMHOUSTON -- Today, Oil States International, Inc. reported net income for the quarter ended December 31, 2009 of $39.9 million, or $0.78 per diluted share, on $528.7 million of revenues and $90.1 million of EBITDA .
  • Lawyer guilty of helping Wheatley hide money Monday, February 22, 2010 @ 12:45AMSydney lawyer, Paul Gregory, 61, has been found guilty of conspiring to defraud the tax office by helping music promoter Glenn Wheatley hide money in offshore bank accounts.
  • Europeans prefer staff suppliers to outsourcers: Forrester Sunday, February 21, 2010 @ 10:04PMA preference by companies in Western Europe for contract IT staff is cutting into the business of outsourcing companies in these countries, according to a report by Forrester Research.
  • Law Firms Now Outsourcers? Sunday, February 21, 2010 @ 9:58PMLast month, Legal Week reported that Eversheds gears up to launch its own outsourcing business (14 Jan 2010). This raises the question of what exactly is outsourcing and how does it differ from where lawyers are located.
  • Uncle Sam comes calling; tax tips for sports bettors Sunday, February 21, 2010 @ 2:52AMAs the dreaded date of April 15 approaches (of course many file before), sports bettors should be knowledgeable of reporting rules regarding gambling gains or losses. All forms of revenue from gambling are taxable by the Internal Revenue Service. ...
  • Taxman chases football stars for £100m Saturday, February 20, 2010 @ 9:29PMTHEY earn hundreds of thousands of pounds a week, showing off their skills in packed stadiums and in front of a worldwide audience of millions.
  • Island bee colonies decimated Saturday, February 20, 2010 @ 5:45AMIt’s a warm mid-February day at Sol Nowtiz’s Jingle Pot Apiary on East Wellington Road and the veteran beekeeper of 35 years is standing beside rows of bee boxes that once contained 50,000 to 60,000 bees each.
  • Outsourcing of App Development Projects Is on the Decline Wednesday, February 3, 2010 @ 2:36AMThough application development is the single largest category in outsourcing, data center operations, help desk, disaster recovery, website and e-commerce systems and desktop support have gained significant ground.
  • What Is Joyce Going To Do To Protect Telecom Jobs? Tuesday, February 2, 2010 @ 10:49PMLabour Communications and IT spokesperson Clare Curran says Steven Joyce must start talking to Telecom about its plan which could see hundreds of Kiwi IT jobs shipped offshore.
  • Industrial Bank of Korea sells $350 million worth of bonds Tuesday, February 2, 2010 @ 10:46PMIndustrial Bank of Korea kicks off Korean G3 issuance in 2010 with senior unsecured 5.5-year notes. Korea Development Bank and Kexim are expected to be next in line.