Shell Company

Shell Company means:
a business entity (like a corporation or company) or another business entity possibly set up possibly by fraudulent operators as a front to conceal tax evasion schemes. Courts may pierce the veil of a shell corporation and look to the owners for payment of taxes and penalties.

See also other Tax Terms and Definitions in U.S.A.

piercing the corporate veil.

See Offshore Bank in the American Encyclopedia and Offshore Bank in the World Encyclopedia.

See Tax Evasion in the U.S. Encyclopedia of Law and Tax Evasion in the World Encyclopedia of Law.