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.
The recent letters to those taxpayers with offshore bank accounts who have not previously come forward shows that HMRC is determined to leave no stone unturned in its search for any additional tax which may be due.
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.
They are doing it in record numbers and record amounts with as much as USD32 trillion deposited in offshore bank accounts.
According to the report, the officials used offshore bank accounts to smuggle the funds.
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.
The plea, signed by Davis, the former chief financial officer of Stanford Financial Group and its offshore bank in Antigua, alleges wrongdoing as early as 1988 when Stanford had an offshore bank on Montserrat.
An offshore bank account is managed just like any local or domestic account, says Steve Gregory, director or technical services of Holborn Assets.
MIDLAND taxpayers have been warned of a tough HM Revenue & Customs crackdown on offshore bank accounts.
Offshore bank account holders have until midnight to declare their financial affairs or face big penalties.