offshore tax shelters
Offshore tax shelters refer to legal mechanisms or structures established in foreign countries with favorable tax regulations, allowing individuals or businesses to minimize or avoid their tax liability in their home country by shifting or storing their financial assets, income, or profits offshore.
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Related Concepts (3)
Similar Concepts
- domestic tax shelters
- energy tax shelters
- foreign investment tax shelters
- illegal offshore accounts
- offshore banking
- offshore financial centers
- offshore investments
- offshore reinsurance
- offshore tax evasion
- offshore tax havens
- penalties for offshore tax evasion
- private equity tax shelters
- repatriation of offshore profits
- tax havens
- trust tax shelters