the.com/offshore accounts
your money, on vacation somewhere it doesn't have to answer questions.
means bank accounts held in a foreign jurisdiction, usually to reduce taxes, gain privacy, or dodge domestic scrutiny.
from the term literally means banking 'off the shore' of your home country — Switzerland formalized banking secrecy in 1934, and by the 1980s tiny islands like the Caymans turned the practice into a global industry.
legal statusperfectly legal, hiding the income from it isn't
top jurisdictioncayman islands holds more deposits than japan's economy
leak that broke itpanama papers exposed 11 million documents in 2016
real use casemost users are businesses, not bond villains