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 ?
The taxman confirmed that last October Collins had used a false name and a foreign address to hide EUR30,000 for 18 years in an off-shore account.
The money of the off-shore accounts, which foreign citizens wish to take to Macedonia, is welcome provided it enters the country as investment rather than deposits, says former Finance Minister Trajko Slaveski.
VIENNA, April 8 (KUNA) -- Finance Minister Maria Fekter said Monday that Austria will not give up its banking confidentiality, even in light of a worldwide scandal involving over a hundred thousand people depositing money in off-shore accounts in tax havens.
We would also recover the looted money which was transferred out of Pakistan illegally and has been kept in off-shore accounts," said Imran Khan while addressing a youth convention held here at Tehmash Football Stadium under the banner of Insaf Students Federation (ISF).
The amount of cash sitting in off-shore accounts appears to be much higher than TJN researchers had anticipated.
But the remainder of the group is a group of countries known more for drug kingpins, off-shore accounts and drug kingpins than high level athletic competition.
There are billions swilling around in the tax-payer subsidised banks, and billions salted away in off-shore accounts.
My contact from Juba has shown several cases where senior officials have instructed a local bank to channel payments to Kenyan companies through off-shore accounts in Mauritius.
We wonder if the government will hold to account those taxpayers who moved money to their off-shore accounts through this organization.
Chancellor Alistair Darling stepped in to guarantee savers in the UK arms of Icelandic banks Landsbanki and Kaupthing last October, but no help has been given to those with off-shore accounts.
He told her he was having difficulty getting funds from his off-shore accounts and asked her to take out a loan.
There may come a time when we need a man who knows his way round off-shore accounts.