23 May 2016
Nominee Shareholders in the Panama Papers Case
As we understand, some conglomerates use their employees to be as nominee shareholders of the companies that they set up in tax haven countries.
Several names in the list of Panama Papers episode 1 and 2 were the employees. They were not the real owners. They were under strong power to be abused and forced for covering up the real owner of companies.
By law, nominee shareholders are not allowed. Indonesia government will not recognize the nominee agreement. So automatically, the court only recognize what legal paper mention it who as shareholders of the company, if any legal suits.
Nominee shareholders are in the weak position now in the case of Panama Papers, especially who has resigned/retired from the real owners. The smarter nominee shareholders had the nominee agreements with the choice of law and choice of forum in the arbitration of the country that recognized legally. Failing to do so, they have to depend on the helping hand of real owners.
Agung Tjahjady SH, CPA, MM, BKP
Registered Tax Consultant, Advocate
Read Other Updates
Kontrak Sebagai Perlindungan Dalam Bertransaksi
28 Mar 2019
Kepemilikan KTP-el untuk Warga Negara Asing
11 Mar 2019
Jenis Perizinan/Bidang Usaha Yang Tidak Dapat Disatukan Dengan Bidang Usaha Yang Lain (Single Purpose)
01 Mar 2019
Logo Perusahaan, Hak Cipta atau Hak Merek?!
22 Feb 2019
TP Doc Series:
06 Feb 2019
Polemik yang Belum Usai dari Lahirnya PMK 229/2017
31 Dec 2018
Kebijakan Perluasan Tax Holiday dan Pemberlakuan Mini Tax Holiday
10 Dec 2018
Paket Kebijakan Ekonomi XVI terhadap Investasi di Indonesia
29 Nov 2018