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.
Having already entered into new information sharing agreements with the Crown Dependencies and Overseas Territories to provide HMRC access to more data on offshore accounts held by UK taxpayers, the UK is expected to quickly implement the new global standard on a multilateral basis.
Romney's tax returns reveal offshore accounts, shell corporations, complex strategies allowing elites to reduce tax obligations - and expose need for tax reform
In 2008, Russian-born property developer Olenicoff accused UBS of fraud and conspiracy, among other charges, in regard to handling about $200 million that he kept in offshore accounts. He claimed the bank wrongfully advised him that he didn't have to report the accounts to the IRS.
Summary: BERLIN - 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".
During the discussion, Redknapp also denied claims by his former Portsmouth chairman Milan Mandaric that money sent to the manager's offshore accounts were investments outside football.
The latest initiative follows similar ones for doctors and people with offshore accounts.
ISLAMABAD, February 25, 2011 (Frontier Star): Senator Haroon Akhtar had said State Bank (SB) should lower its interest rate so that billion of rupees stashed in offshore accounts could be brought back.
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.
'The pair claimed housing benefit when they had more than pounds 330,000 in offshore accounts.
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 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.