shell corporations
Shell corporations are business entities that exist only on paper or have nominal operations, serving as a cover for illegal activities or to facilitate deceptive practices such as tax evasion, money laundering, or hiding the true ownership and control of assets. They typically lack substantial assets, employees, or tangible business activities, instead being used as a front to obscure the activities of individuals or other organizations.
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Similar Concepts
- anonymous shell companies
- complex corporate structures
- corporate bonds
- corporate ethics
- corporate manipulation
- corporate profits
- corporate secrecy
- corporate tax subsidies
- corporate whistleblowers
- multi-divisional corporations
- multinational corporations
- offshore tax shelters
- phantom firms
- shell company formation
- tax shelters