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 ?
Although the money was placed in the off-shore accounts, clients could get access to the cash without ever paying tax on it.
Macedonian banks do not reveal how much money pours from Macedonia to off-shore accounts in countries that are described as tax havens.
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.
So while hard-up families and pensioners scrape together enough cash to keep the taxman off their backs, the country's richest fat-cats continue to rape our tax system with their off-shore accounts.
Britain in particular is preparing to launch an investigation into off-shore accounts.
It was reported yesterday that Sir Christopher's solicitors have filed a complaint with the Metropolitan Police alleging that the former employee stole documents concerning the serial entrepreneur's private finances, trust funds and off-shore accounts.
Tighter controls have been imposed on Ireland's financial sector following a string of scandals from the mid-1990s onwards, including revelations top banks colluded in widespread tax evasion via the use of bogus off-shore accounts.
off-shore accounts when investment opportunities arose.
authorities said that in schemes involving millions of dollars in off-shore accounts Mathewson used fake invoices to allow U.
Traditionally, trading in off-shore accounts has been laborious, complicated, and slow.
He said this decision has been taken after creditable proof has come forth of the involvement of the Sharif family in opening and handling off-shore accounts and managing businesses abroad without paying any taxes and not showing where the income came from for opening and running these businesses.