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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Any activities outside of that, you should consider partnering up with a company with an offshore presence or establish your own," says Kennedy.

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

Brittain-Catlin has certainly chosen a fascinating and important topic, and Offshore contains a lot of remarkable stories of mischief, and, sometimes, even intrepidness.

Out to sea: yes, offshore banking is an outrage. No, it's not a metaphor for capitalism

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.

The risks of outsourcing: how to secure the outsourcing beast

The percentage of IT jobs that has moved offshore is relatively small--only about 2 percent; it is projected to increase to 6 percent by 2008.

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

Ebix's creation of its own offshore operation is an approach somewhat different from most insurers' outsourcing of services and processes with India-based firms.

Eyes on India. (Technology: Global Outsourcing)

Currently, the Service is investigating several thousand offshore accounts, and has referred a large number of these to its Criminal Investigation Division.

Amnesty for offshore tax evaders

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.

The Bermuda backlash. (View from the Hill)

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.

FORTUNE 500 FIRMS VALIDATE COST SAVINGS OF BOOMING OFFSHORE OUTSOURCING MARKET

Cyprus and Liechtenstein are both offshore secrecy havens.

Fool Me Twice

Until March 1993, the data collected by the Federal Reserve covered only the assets and liabilities directly on the books of the branches and agencies of foreign banks located in the United States; transactions on the books of the offshore branches were not covered.