A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as:
A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations.
Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. (Full article...)
The family-owned business has approximately 450 employees and operates 30 distribution centers in 28 states across the Eastern and Northeastern United States. It is a publicly traded company, with its stocks listed only on Pink Sheets as the company offers a limited number of shares to potential shareholders. In 1998, it modernized its operations to increase efficiency and reduce overhead. (Full article...)
Image 230 St Mary Axe, London, widely known by the nickname "The Gherkin", and occasionally as a variant on The Swiss Re Tower, after its previous owner and principal occupier. Swiss Re is the world’s second-largest reinsurance company.
Image 11The Intel 80486DX2 is a CPU produced by Intel Corporation that was introduced in 1992. Intel is the world's second largest semiconductor company and the inventor of the x86 series of microprocessors.
A corporate haven, corporate tax haven, or multinational tax haven, is used to describe a jurisdiction that multinational corporations find attractive for establishing subsidiaries or incorporation of regional or main company headquarters, mostly due to favourable tax regimes (not just the headline tax rate), and/or favourable secrecy laws (such as the avoidance of regulations or disclosure of tax schemes), and/or favourable regulatory regimes (such as weak data-protection or employment laws).
While the "headline" corporate tax rate in jurisdictions most often implicated in base erosion and profit shifting (BEPS) is always above zero (e.g. Netherlands at 25%, U.K. at 19%, Singapore at 17%, and Ireland at 12.5%), the "effective" tax rate (ETR) of multinational corporations, net of the BEPS tools, is closer to zero. To increase respectability, and access to tax treaties, some jurisdictions like Singapore and Ireland require corporates to have a "substantive presence", equating to an "employment tax" of approximately 2–3% of profits shielded and if these are real jobs, the tax is mitigated. (Full article...)
OCR Systems, Inc., was an American computer hardware manufacturer and software publisher dedicated to optical character recognition technologies. The company's first product, the System 1000 in 1970, was used by numerous large corporations for bill processing and mail sorting. Following a series of pitfalls in the 1970s and early 1980s, founder Theodore Herzl Levine put the company in the hands of Gregory Boleslavsky and Vadim Brikman, the company's vice presidents and recent immigrants from the Soviet Ukraine, who were able to turn OCR System's fortunes around and expand its employee base. The company released the software-based OCR application ReadRight for DOS, later ported to Windows, in the late 1980s. Adobe Inc. bought the company in 1992. (Full article...)