offshore

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offshore

based or operating abroad in places where the tax system is more advantageous than that of the home country

offshore

[′ȯf¦shȯr]
(geology)
The comparatively flat zone of variable width extending from the outer margin of the shoreface to the edge of the continental shelf.
References in periodicals archive ?
That included using offshore accounts to purchase multimilliondollar properties in the US, some of which the government is seeking to seize.
BANKING AND CREDIT NEWS-February 25, 2014-HMRC launches new campaign to target offshore account holders in clamp-down on tax evasion
Romney's tax returns reveal offshore accounts, shell corporations, complex strategies allowing elites to reduce tax obligations - and expose need for tax reform
But one year prior to filing the lawsuit, Olenicoff pleaded guilty to tax evasion and falsifying his tax returns by failing to disclose those offshore accounts.
BERLIN, March 30 (Reuters) - Germany and Switzerland scrambled on Friday to salvage a landmark deal on taxing secret offshore accounts after the main German opposition party raised 11th hour objections to a compromise plan it branded full of "loopholes".
FOOTBALL manager Harry Redknapp angrily denied taking a "bung" and insisted cash in an offshore account was a "bonus" from Peter Crouch's pounds 5 million move to Aston Villa.
Funds transfers in and out of their offshore accounts can be made online 24 hours a day, seven days a week.
For those that have missed the boat the prospect of a call from HMRC is now very real as more and more financial institutions open up their records and allow the taxman access to offshore account details.
The dad-of-one also pled guilty to using fake company names to transfer pounds 126,400 into an offshore account.
Catherine Scott, of Stockton-based Baines Jewitt, says anyone with unpaid taxes linked to offshore accounts or assets has just days to disclose their accounts to the Government -or face tough penalties.
UNITED Kingdom-based investors are being given a second and final chance to come clean about their offshore accounts.
The US government and Swiss bank UBS have reached a deal to resolve a dispute over the disclosure of the names of American clients who are suspected of evading tax by holding offshore accounts.