shell corporation
7
7.4
- noun
- /ʃɛl kɔːrˈpɔːreɪʃən/
- Specialized
:
sociedad pantalla
- The investigation revealed that the funds were funneled through a shell corporation to obscure their origin.
- offshore shell corporations
- create a shell corporation
- use of shell corporations
Examples
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Actually, it came from a shell corporation out of Switzerland, funded by Bruce Wellington.
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She's created these shell corporations.
Fiction book (2001) -
When money is made by a shell corporation in these places, no taxes are legally required.
Blog text (21) -
We're talking about pushing money back and forth among investment banks and shell corporations.
Blog text (14) -
The point is, some of his shell corporations may be under these umbrellas: the learning stuff, etc.
Blog text (3) -
This provision was placed in the law because the owners of Mafia-related shell corporations.
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We are acquiring massive parcels of real estate under a shell corporation... ...so we can reopen three large factories.
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By investing in the blocker, they are investing in a shell corporation in a no-tax jurisdiction.
Blog text (21) -
What Mitt fails to say is that most of the money he makes is funneled through offshore shell corporations in no-tax jurisdictions so that no taxes are legally required at all.
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We have written before about how easy it is to set up an offshore shell corporation linked to a bank account in the Cayman Islands, the Seychelles, Bermuda, or a whole slew of other no-tax jurisdictions.
Blog text (21)
Synonyms
A company that exists only on paper and has no real business often used to hide money
Surface Forms
Morphology
shell + corporation
The compound links 'shell' (an empty outer structure) with 'corporation' (a company), so a learner who knows both words can plausibly infer an empty or insubstantial company. However the financial/legal nuance — companies existing only on paper or used to conceal ownership — is specialized and not fully predictable from the parts, so full comprehension may require exposure.
Etymology
Shell corporation comes from the image of a shell that is empty and a corporation as a company. So it means a company that is 'only on paper' or has 'no real business', often used to hide who really owns things.