The Study Of Offshore Company And Management Finances

• Main Authors: Su-jing Lin, 林素靜
• Other Authors: Jau-Rong Li
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/67003657840414253364

碩士 === 義守大學 === 管理學院碩士班 === 97 === Most people possessing mass property, advised by the so-called finance consultant, often operate their business through an offshore company to avoid tax. In empirical operation, tax cases caused by improper plans are commonly seen. Many assume that establishing a company offshore, remitting capital to overseas accounts, or depositing capital in domestic OBU accounts can be ways to save income tax, inheritance tax and so on. Nevertheless, tax saving has absolutely to be executed under legitimization. Any illegal acts would raise the possibility of tax audit. Once a company has been listed for the tax audit, the company needs to clearly report the correspondence, use, remittance records of its capital. Should a company make any missed or short report of the tax amount payable, it will be fined less than twice of the amount. Should a company intentionally defraud or conduct illegitimate means to avoid inheritance tax and given tax, it will be given a fine between one to three times of the tax amount payable in addition to the imposition of the tax calculated according to the tax rate of the year that the inheritance and given tax occurred. This elaborates the saying “improper plan is worse than no plan”. One needs to be cautious about it. This study aimed at the establishment of Offshore Companies and the functionalities and purposes of doing it. Through data collection, laws and decrees, and empirical plans, the study made an attempt to offer a reference of accurate recognition and flow for those who are in need of holding capital, trading business, finance management, and tax saving. It also tried to correct the mistaken concept of operating an offshore company and OBU account so as to, in the most effective way, obtain the tax preference and create the best profit for the enterprises and the best finance scheme for individuals. The study was based on three functions - tax saving function, hidden capital function, bypass laws function - to respectively elaborate on detailed laws restriction, empirical conducts, and scheme directions. In doing so, it provided a scheme model for those who are interested in this area so that they can come out the best proposal. The result of this study shows that, unlike what some finance consultants have claimed, adopting the establishment of an offshore company as the way of finance management might not necessarily fully actualize the three functions mentioned above. Its operation space might be compressed owing to the revision of the given-tax, the audit of the capital correspondence, and the openness of the investment channels. Therefore, all tax plans need to be conformed to the laws. In that condition, any proposed schemes can be safely and easily carried out.