offshore


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offshore

a term used to describe vehicles or institutions based in, or regulated by, the laws of a jurisdiction that either has no tax or low tax for non-locals and that specializes in providing services of a financial or legal nature to persons and businesses ‘onshore’, that is to say, in high-tax jurisdictions. While many such jurisdictions are based on islands, which has brought about the terminology in a literal sense, the littoral location of the investment is irrelevant.
References in periodicals archive ?
The market research provides an understanding of the type of vessels required for offshore wind farm development and highlights major trends in the market.
Any activities outside of that, you should consider partnering up with a company with an offshore presence or establish your own," says Kennedy.
Brittain-Catlin has certainly chosen a fascinating and important topic, and Offshore contains a lot of remarkable stories of mischief, and, sometimes, even intrepidness.
But while the increase in offshore outsourcing endeavors will continue in the foreseeable future, we caution organizations to be aware of the security issues involved in these dealings.
Reflecting these market conditions, we can expect to see the first stages of the contraction of the India offshore BPO model during the third and fourth quarters of 2003.
The Bush Administration's view, as articulated by Treasury Secretary Paul O'Neill, is that American CEOs are moving offshore because American tax rates harm their competitiveness against foreign rivals.
Couple these numbers with the ongoing shortage of IT talent in the US and an expected application development boom post-Y2K, and the burning question today isn't if offshore IT vendors will positively impact the bottom line, but what they can offer an IT organization beyond less expensive code.
The criminals used these accounts to launder millions of dollars to offshore banks, according to Tom O'Connell, an INS agent on the case.
chartered banks and foreign banks have conducted extensive activities at branches in offshore banking centers, principally the Bahamas and the Cayman Islands.
Greater Gabbard Offshore Winds Limited (GGOWL), an Airtricity and Fluor joint venture, today received planning permission for the construction of an offshore wind farm to be located 25km off the coast of Suffolk in the Outer Thames Estuary.
The annual investment in global offshore wind turbines, foundations and balance of plant was worth an estimated $8 billion in 2013.