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 ?
person has a self-directed SEP/IRA, and he or she tells the account custodian to deposit funds in an offshore bank account, the account owner must file the FBAR.
Lucy Komisar is a New York journalist who has spent several years investigating the phenomenon of offshore bank and corporate secrecy havens.
Use our Offshore Banks Survey results to see what offshore clients want in terms of products and services
Their consultants have many years of experience in offshore banking and will make the process of obtaining the bank license as efficient and stress free as possible, they will also advise you on the best location to open your offshore bank in.
Some of these include the fact that offshore banks are generally located in an area that offer greater privacy to depositors, low or zero taxation and less restrictive legal regulation, among others.
Prior to the ODF they obtained formal notices against the big banks for details of UK account holders with offshore bank accounts.
Offshore bank account holders have until midnight to declare their financial affairs or face big penalties.
Labour spokeswoman Joan Burton believes EUR1billion will be raised as part of the Revenue's trawl through offshore bank accounts.
The IRS is currently issuing notices to taxpayers identified as holders of offshore credit cards, owners of offshore bank accounts and participants in offshore financial arrangements.
When selecting their offshore bank, clients look for excellent customer service, as well as confidentiality and financial stability in their bank.
The report identifies the critical components of a successful offshore proposition, and assesses 9 major offshore bank against the components in the Excellence Model.