Offshore: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add definition. Source: linked pages.) |
||
| Line 6: | Line 6: | ||
2. | 2. ''Verb.'' | ||
To offshore means to relocate a business - or part of a business - to another jurisdiction, often one where operational costs are lower. | |||
3. | |||
The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven. | The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven. | ||
Revision as of 07:52, 13 May 2020
1.
The siting of a currency asset in a location other than the country of which the currency is the domestic currency.
For example, a holding of Japanese yen in the United States (which would also be known as 'Euroyen').
2. Verb.
To offshore means to relocate a business - or part of a business - to another jurisdiction, often one where operational costs are lower.
3.
The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.
