Business Terms and Jargon Explained

What is Offshore

This term is used to describe legal vehicles or institutions that operate in countries with no or low tax. This allows non-residents to take advantage of the tax laws through appropriate vehicles or institutions. e.g trusts and companies.

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MD5 Option to Tax Contribution
KMC Contingent liabilities Chargeable Asset
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Cross examination Deferment Trader KYC
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Term created / updated 2006-02-14 18:15:25

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