offshore account

Frequency: 8.015.2 per million words

Relating to a bank account in a country with lower taxes or more privacy.

offshoreADJECTIVE + NOUN

Categories:

account

Examples (10)

  • Many wealthy individuals maintain an offshore account to minimize their tax burden.
  • Setting up an offshore account can offer greater financial privacy.
  • He was questioned about his offshore account during the financial investigation.
  • The company decided to open an offshore account for international transactions.
  • Having an offshore account is not illegal, but it can raise suspicion.
  • She transferred funds to her offshore account in a tax-haven country.
  • Before opening an offshore account, it's important to understand the regulations.
  • The new law aims to crack down on undeclared offshore accounts.
  • An offshore account can be a complex financial instrument.
  • They consulted a financial advisor about managing their offshore account.