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.

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Despite the offshoring threat, 2005 is shaping up to be a banner year for Mark Wilson, chief executive of Ryla Teleservices Inc.

Squeeze play: is America's offshoring movement hurting black businesses? Many are applying innovative strategies to buck the trend

explains offshoring as part of a bigger process of global industry restructuring--or companies becoming global entities, so their customer base is no longer primarily "national with a little bit of export on the side.

Offshoring: and the winner is ... contrary to the recent spate of negative media coverage and political attacks against offshoring, a growing body of credible sources are speaking out about the upside for the U.S.--for both jobs and the economy

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