offshore banking
US /ˌɔːfʃɔːr ˈbæŋkɪŋ/
UK /ˌɔːfʃɔːr ˈbæŋkɪŋ/
1.
banking offshore, servizi bancari offshore
the practice of using banks in foreign countries, typically those with lower taxes and less regulation, to hold money or assets
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Many wealthy individuals engage in offshore banking to minimize their tax liabilities.
Molti individui facoltosi si impegnano nel banking offshore per minimizzare i loro oneri fiscali.
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The new regulations aim to curb illegal activities associated with offshore banking.
Le nuove normative mirano a frenare le attività illegali associate al banking offshore.