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offshore
(redirected from Offshore Accounts)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
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.
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Tax experts in the West Midlands estimate that approximately 13,000 people registered with HM Revenue and Customs' scheme to disclose undeclared funds in offshore accounts.
Thousands admit overseas investments by The Birmingham Post (England)
The landmark settlement challenged Switzerland's longstanding banking secrecy tradition resulted in the disclosure of the identities of 4,450 people with UBS offshore accounts and was expected to open the door to more prosecution efforts for tax evasion.
US, Switzerland sign updated tax agreement by AFP / AFP American Edition
Many merchants utilize offshore accounts to save some money on taxes.
Advantages of Creating An Offshore Merchant Account by Jack Ryon, / Banking, finance and accounting community
 
 
 
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