Shell corporations

Definition

A shell corporation is a business entity without active business operations or significant assets, often created for financial maneuvering. They are frequently used for anonymity and to manage funds, ownership rights, or as a tool in tax strategies.

Related terms

Money Laundering: The process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to be legally earned.

Tax Haven: A country or jurisdiction with low taxes that attracts foreign businesses and individuals seeking to reduce their tax liabilities.

Political Action Committee (PAC): An organization that collects political donations from members and donates those funds to campaign for or against candidates, legislation, or ballot initiatives