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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

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.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
UNITED Kingdom-based investors are being given a second and final chance to come clean about their offshore accounts. The taxman is offering an amnesty until March 12 next year for full and frank disclosure about cash held in bank and building society accounts held outside the UK.
Currently, the Service is investigating several thousand offshore accounts, and has referred a large number of these to its Criminal Investigation Division.
But offshore accounts are likewise a gamble, because they're viewed with such hostility by the courts that judges have been known to hold trust beneficiaries in contempt, with jail time, for refusing to repatriate assets.
According to Watson's representatives, the actress set up the offshore account for the sole purpose of "protecting her anonymity and safety."
An offshore account benefits customers by providing them with access to their portfolio no matter where in the world they are.
Today's advice Katchit 2.50 Aintree 1pt win at 14-1 generally Offshore Account 4.15 Aintree 1pt win at 33-1 generally Irish Invader 4.15 Aintree 1pt win at 25-1 with Coral Already advised Big Fella Thanks 4.15 Aintree 2pts win at 25-1
An anonymous source provided the list from the Panamanian law firm, Mossack Fonseca, which specialises in establishing offshore accounts, to a German newspaper.
AINTREE: 2.00 Menorah, 2.35 Lenabane, 3.20 KALAHARI KING (NAP), 3.45 Offshore Account, 4.20 Phidippides, 4.55 Chamirey, 5.30 Araucaria DUNDALK: 6.30 Lingapour, 7.00 Rum Raisin, 7.30 Saint By Day, 8.00 Julie's Jet, 8.30 Award Ceremony, 9.00 African Cat, 9.25 His Way KEMPTON: 2.25 Hellfire Club, 3.00 King's Forest, 3.35 Firm Order, 4.10 Award Winner, 4.45 Hidden Keel, 5.20 Ibberton, 5.50 Cucumber Run MUSSELBURGH: 2.15 Las Verglas Star, 2.50 Along The Nile, 3.25 Highland Warrior, 4.00 Cookie Galore, 4.35 Internationaldebut, 5.10 Nisaal, 5.40 Zaplamation WOLVERHAMPTON: 6.15 Dimaire, 6.45 Prime Defender, 7.15 Jezza, 7.45 Full Toss, 8.15 Rock D'Argent, 8.45 Power Series, 9.15 Prince of Vasa Double: Kalahari King and Offshore Account
Tony Walker, 60, an expatriate from England, has been keeping his savings in an offshore account for a long time.
Offshore account holders making disclosures under the NDO face a fixed penalty of ten per cent, but those taxpayers who were informed of the previous ODF by HMRC and who did not come forward under the 2007 ODF will face a 20 per cent fixed penalty.
Meanwhile as the dust settles following the Grand National Charlie Swan is already looking forward to next year's Aintree showpiece for both Offshore Account and Oodachee.
Another exception is for payments made to an offshore account. If a payment to an offshore account is normally subject to tax under Sec.