At first glance, Global and Infinite Traders SAL (GAIT), an offshore company specializing in the import of offal and cheap cuts of beef from various origins to the Democratic Republic of Congo (DRC) is not particularly different from other Lebanese companies conducting businesses in Africa.
The “triangular trade,” between exporting countries, tax havens such as Lebanon where their headquarters are located and importing African countries, is a tool of choice by many businessmen from the land of the cedars.
While not illegal, this practice allows them to reduce the size of their tax liability and to engage in some practices, such as overcharging for their services — which is facilitated by the opacity of the import chain — as underlined in an audit report commissioned by the Congolese authorities from the international firm Menaa and...
The “triangular trade,” between exporting countries, tax havens such as Lebanon where their headquarters are located and importing African countries, is a tool of choice by many businessmen from the land of the cedars.
While not illegal, this practice allows them to reduce the size of their tax liability and to engage in some practices, such as overcharging for their services — which is facilitated by the opacity of the import chain — as underlined in an audit report commissioned by the Congolese authorities from the international firm Menaa and...
At first glance, Global and Infinite Traders SAL (GAIT), an offshore company specializing in the import of offal and cheap cuts of beef from various origins to the Democratic Republic of Congo (DRC) is not particularly different from other Lebanese companies conducting businesses in Africa.
The “triangular trade,” between exporting countries, tax havens such as Lebanon where their headquarters are located and importing African countries, is a tool of choice by many businessmen from the land of the cedars.
While not illegal, this practice allows them to reduce the size of their tax liability and to engage in some practices, such as overcharging for their services — which is facilitated by the opacity of the import chain — as underlined in an audit report commissioned by the Congolese authorities from the international firm Menaa...
The “triangular trade,” between exporting countries, tax havens such as Lebanon where their headquarters are located and importing African countries, is a tool of choice by many businessmen from the land of the cedars.
While not illegal, this practice allows them to reduce the size of their tax liability and to engage in some practices, such as overcharging for their services — which is facilitated by the opacity of the import chain — as underlined in an audit report commissioned by the Congolese authorities from the international firm Menaa...