|
name  click to compare prices |
» Shop local, ethical and at the best price on Ethishop  |
|
|
« Ethical » rating of Newbridge Capital
, group
and subsidiaries
|
|
Fraud 1
| | [click on the rating for the method or on the number for the data]
|
|
ShareholdersBusiness & marketLocations & production
year | financial misdemeanor | | | | | source |
| 2005 |
South Korea tax authorities said some foreign funds dodged taxes by setting up paper companies in a tax haven and conducting business in South Korea through them. Five foreign funds are fined a combined US$207million. Steven Lee, the head of Lone Star's Korean business, resigned for unspecified reasons. The US buyout fund made a US$272million profit from the sale of a building in the upmarket district of Seoul but was exempted from tax on capital gains thanks to a double-taxation treaty. Carlyle also earned US$680million in tax-free profit from selling its stake in KorAm Bank to Citigroup. Newbridge did not pay any tax on the $1.2bn profit it received from the sale of Korea First Bank last year, because the deal was conducted through its subsidiary set up in Labuan. |
| | | | | | |
|
| year | financial misdemeanor | sales | income | assets | buyback | source |
|
|
|
Contribute
&sa=OK&client=pub-2642534665785160&forid=1&channel=6290198667&ie=ISO-8859-1&oe=ISO-8859-1&flav=0002&sig=NuXwWEvBGZspbgPc&cof=GALT%3A%23CEA7FF%3BGL%3A1%3BDIV%3A%234A4A4A%3BVLC%3AFF6600%3BAH%3Acenter%3BBGC%3A4A4A4A%3BLBGC%3A4A4A4A%3BALC%3AFFB42D%3BLC%3AFFB42D%3BT%3AFFFFFF%3BGFNT%3AE8DBEF%3BGIMP%3ACEA7FF%3BLH%3A26%3BLW%3A304%3BL%3Ahttp%3A%2F%2Fwww.transnationale.org%2Fimages%2Ftrans2.gif%3BS%3Ahttp%3A%2F%2Fwww.transnationale.org%3BFORID%3A11&hl=en){kind=link}