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Deutsche Bank: Stocks Could Plummet 35% On EU Contagion According to Deutsche Bank Cheap Jeffery Simmons Jersey , European Union leaders do not look unified enough to quell the fears of this morning’s report:We believe that a continuation of
this trend is the primary risk that could see worldstocks (the MSCI World index)
lose up to 35% of their value if the situationdeteriorates into a full-blown
financial crisis cheap air max on the scale of the fallout from thecollapse of
Lehman Brothers in their Dooms Day Scenario: EU leaders can’t get it together,
the financial sector falls 23rds. Utilities, industrials Tennessee Titans Jerseys For Sale , telecoms and consumer discretionary would get crushed- so regions like Asia, Japan, and Europe. Healthcare Titans Jerseys For Sale , consumer staples and energy would be relatively do you save yourselfLook for S&P companies with healthy balance terms of
 accountants will dismiss
offshore tax havens as they are on the ATO radar. This is unwarranted. What is
important however is ensuring that the issues associated with such structures
are explained to clients and strategies developed to mitigate such issues as
much as is possible. Following is a very small sample of some common issues.

Franking Credits
One of the potential issues for having an offshore entity holding Australian shares is that the franking credits paid to the shareholder
will effectively be lost. This mean that if a dividend is paid out to an
offshore entity and those distributions are then paid back to an Australian
resident individual the franking credits from the original dividend will not be
able to be used by the Australian resident individual. Structuring at this point
is critical and it may be appropriate for the Australian resident individuals to
hold their interests through an Australian entity and for the PRC investors to
hold their interests through an offshore structure. Accountants need to
recognise however the cultural and political reasons for the structure and the
PRC investors may want the entire investment to be held through the offshore
structure. Tax should never take precedence over commercial reasons and so this
is an extremely important aspect to be considered.

CFC Issues
It will be important to consider how the Controlled Foreign Corporations (CFC) regime will impact upon you as an Australian tax resident.
This area of law is currently undergoing dramatic changes and you need to engage
an accountant who deals with these issues. It will be important to look at
things such as the central management and control, the type of income (is it
active – business- income or passive income), control percentages Cheap Wesley Woodyard Jersey , permanent establishment, etc to determine how you will be affected.

Setup Costs and Ongoing Costs
One of the reasons that PRC investors sometimes use a BVI over a Cayman Islands company is due to the initial setup
costs and ongoing costs. Cayman Islands companies are generally more expensive
to establish and operate than a BVI. Discuss this with us so we can determine
what may be the most appropriate structure.

Tax Evasion
Note that we do not deal with clients who want to establish such structures to evade tax or to launder funds. Gone are days when you could
move money offshore and hope it would not be detected. AUSTRAC tracks all
incoming and outgoing transfers and when transfers are made to established tax
havens such as the BVI and Caymans it will be highlighted to the ATO. If things
are being done correctly and there are legitimate commercial reasons for these
structures then the ATO will not have an issue. We have been involved in a
number of Operation Wickenby matters and we can assure you that it is not worth
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