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offshore
This term evokes a sense of detachment from the mainland, whether physically or legally. In a geographical sense, it describes a literal distance from the coast, often associated with industrial scale or maritime isolation, such as oil rigs or wind farms.
In a financial or corporate context, the word carries a strong connotation of evasion or strategic avoidance. It suggests a deliberate move to a jurisdiction where the rules are different, often implying a lack of transparency or a desire to bypass domestic tax laws and regulatory oversight.
Meanings
Examples
The company operates several offshore drilling platforms in the Gulf of Mexico.
I wonder if they have an offshore account to avoid these high taxes.
A strong offshore breeze is blowing the smoke away from the beach.
We should invest in offshore wind farms to increase our green energy capacity.
The government is investigating illegal offshore investments.
The government is investigating illegal offshore investments.
The boat drifted slowly offshore during the storm.
They decided to move their manufacturing offshore to reduce labor costs.
Look at those islands sitting just offshore in the distance.