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 senator has signed waivers allowing the Office of the Ombudsman and the Anti-Money Laundering Council to look into the offshore bank accounts that he allegedly owns.
Even though that window is now dosed, those with unreported offshore bank accounts should still consider making a voluntary disclosure to limit their exposure.
BMI Offshore Bank will engage in o ffshore banking and private banking services and provide access to Trust and Investment services.
A: Yes, the FBAR is the correct form to file when an individual has signature authority over, or a financial interest in, an offshore bank account.
Hiding illicit money is the raison d'etre of offshore bank and corporate secrecy.
Government officials point out that banks can open offices in the Jebel Ali Free Zone which could behave in many respects as an offshore bank. But the banking community has been unenthusiastic.
Lloyds Bank (LSE: LLOY) has said that it has frozen of certain customers' offshore bank accounts in Jersey.
Duterte's claim that the senator had hidden offshore bank accounts.
THE Government has given those with cash stashed in offshore bank accounts six months to get their affairs in order.
THE ISSUE of using offshore bank accounts to hide funds and income from the taxman has been back in the headlines, particularly in the UK.
The report said that corrupt officials smuggled about 800 billion Yuan into the countries like US, Australia, Canada and Holland through offshore bank accounts or investments, like property or collectables, the BBC reports.
Rutherford, NJ, May 26, 2011 --(PR.com)-- The Thorn Law Group has opened a satellite office in New Jersey to better serve the Tri-State area -- with a special focus on bringing taxpayers with offshore bank accounts into compliance during a limited-time IRS amnesty program.