1. TASK: Insert the appropriate word in the text below:
designed - subject - exempt - incorporated - listed - relevant
regulation - differ - Securities and Exchange Commission - enjoy
Although all offshore companies __________ to a degree depending upon the corporate law in the __________ jurisdiction, all offshore companies tend to __________ certain core characteristics:
• They are broadly not __________ to taxation in their home jurisdiction.
• The corporate regime will be __________ to promote business flexibility.
• __________ of corporate activities will normally be lighter than in a developed country.
The absence of taxation or regulation in the home jurisdiction does not of course __________the relevant company from taxation or regulation abroad. For example, Michael Kors Holdings Limited is __________ in the British Virgin Islands, but is __________ on the New York Stock Exchange, where it is subject both the U.S. taxation and to financial regulation by the U.S. __________.
2. CHECK YOUR SPEAKING
|
designed |
[ dɪˈzaɪn ] |
призначений |
|
differ |
[ ˈdɪf.ər ] |
відрізнятися, розходитися |
|
enjoy |
[ ɪnˈdʒɔɪ ] |
користуватися перевагами |
|
exempt |
[ ɪɡˈzempt ] |
звільнений (від податків) |
|
incorporated |
[ ɪnˈkɔː.pər.eɪ.tɪd ] |
зареєстрований (про підприємство) |
|
listed |
[ lɪstɪd ] |
котирується (на біржі) |
|
regulation |
[ ˌreɡjuˈleɪʃn ] |
правило, регулювання, постанова |
|
relevant |
[ ˈreləvənt ] |
відповідний |
|
Securities and Exchange Commission |
[ sɪˈkjʊə.rɪ.tiz ɪksˈtʃeɪndʒ kəˈmɪʃn] |
комісія з цінних паперів |
|
subject |
[ ˈsʌbdʒɪkt ] |
підлягати |
3. SEE CORRECT ANSWER
Although all offshore companies differ to a degree depending upon the corporate law in the relevant jurisdiction, all offshore companies tend to enjoy certain core characteristics:
· • They are broadly not subject to taxation in their home jurisdiction.
· • The corporate regime will be designed to promote business flexibility.
· • Regulation of corporate activities will normally be lighter than in a developed country.
The absence of taxation or regulation in the home jurisdiction does not of course exempt the relevant company from taxation or regulation abroad. For example, Michael Kors Holdings Limited is incorporated in the British Virgin Islands, but is listed on the New York Stock Exchange, where it is subject both the U.S. taxation and to financial regulation by the U.S. Securities and Exchange Commission.
Цей та багато інших цікавих матеріалів Ви знайдете
в підручнику “Practical Financial English”
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