Offshore

Introduction At first glance, the legislation in offshore jurisdictions makes the repatriation of assets seemingly impossible, providing the impossibility defence for debtors unwilling to relinquish assets owed to creditors. Offshore jurisdictions may use clever tactics such as duress and flight clauses to make repatriation of the assets in protection trusts difficult, but onshore jurisdictions are not to be fooled; the court will either declare the trust a sham, void the transaction, threaten

Offshore Outsourcing Currently, it has been reported that many of our jobs, as much as one out of every three private-sector jobs are being sent overseas. What is offshore outsourcing? Outsourcing occurs when a firm subcontracts a business function to an outside supplier. Outsourcing is mainly the result of companies who will always pursue the lowest-cost structure, which means less skilled work will move out of the U.S. to emerging economies. Many believes that this is a

Offshore banking is the action of having a bank account outside of the country of residence. Typically it offers many advantages like greater privacy, low or no taxation, easy access to deposits and protection against local, political, or financial instability, but has also been popular for its use of illegal practices like money laundering and tax evasion. Those against offshore banking view its illegal reputation and predict that it will only cause further damage like providing fund for terrorism

10 Things You Should Know Before Opening An Offshore Bank Account Opening an offshore account is not just for the super rich. There are plenty of legitimate, legal, honest and good reasons why you should open an offshore bank account yourself. Before you open your account, read this article about the ten things you should know before opening an offshore account. Throughout this article, you will see the acronym “FBAR” used quite a bit. It is a Report of Foreign Bank and Financial Accounts (FBAR)

relates the story of a father whose job was “moved overseas” (Trigaux). Former presidential candidate Howard Dean recently entered the debate by voicing his opposition to “big corporations who… move their headquarters to Bermuda and their jobs offshore.” John Kerry, a leader for the Democratic nomination and senator from Massachusetts, proposed legislation in November obligating foreign call center representatives to reveal their location whenever a customer or potential customer calls (“Firms

Van Gennep and Turner has introduced to all of us a different perspective in looking at and analyzing not only pilgrimage, but also how people understand and form ideas surrounding the change in states and statuses, and give meanings to the different parts of the journey. Through this transition, we will find that many of the societal roles of those who take on the journey are suspended. Particularly, Van Gennep discusses the 3 rites of passage using territorial passages to explain how the journey

Offshore Drilling Does anything out weigh the importance of our planet’s health? You would be surprised by the number of people who look the other way when it comes to keeping the planet clean. Offshore drilling is just one of the major environmental issues that has existed for many years and still continues to be a problem. The topic of offshore drilling not only touches on environmental issues but also political, economic, and ethical issues. All of these tie into the huge debate over offshore

discipline’, companies employ a different kind of outsourcing tactic. This reason leads to offshore outsourcing solutions. If a company cannot attract high caliber domestic employees to job functions secondary to their main function then they seek help where labor may be less expensive and more efficient. Offshoring attracts much more criticism when it comes to outsourcing. When a business considers leveraging offshore outsourcing in order to gain a competitive advantage there are a few definitive reasons

The Rites of Passage and Liminality Originally developed by anthropologist Arnold van Gennep in the early 20th century in his book Rites de Passage, the term liminality refers to the concept in which participants are in the threshold stage of disorientation and suspension from the previous social norm that they were used to. When an individual goes through a rite of passage—also coined by van Gennep—he is cut off from his “old life” and is born again into a new person. However, before he can fully

The corporation, which is “an organization, especially a business that has a legally separate existence from the people who run it,” was born with the formation of the British East India Company in 1600. At the end of the American Revolution, the people of the thirteen American colonies shared an intense fear of the corporation, due to the imprint left on the country from the actions of the British East India Company. These actions included the exploitation of the colonies’ wealth and the domination