They then use the shell company as a cover for foreign investment to send money back to China.
Ask Blair where he got his millions to create shell companies.
Step 1 was finding the public shell company to serve as the bun.
Essentially, they bought a public listing for $400,000, taking over a shell company.
In other cases, managers had created false shell companies to order needed test equipment.
The trade in shell companies (Mantelhandel) is also subject to the issue tax.
Oil industry analysts said Baikal was probably a shell company.
From 1951 to 1960, he worked as a country representative for the Shell Company.
The shell company would have $383 million in cash and a dying messaging business.
With these offshore shell companies it's impossible to know for sure.
