Offshore banking and offshore banking [hyphenated], more rarely [linguistically unattractive] foreign banking)

Unless otherwise defined, the conduct of monetary transactions and the management of assets not in one’s home country but in another country, such as Switzerland or Singapore. Reasons for this, in addition to greater reliance on the financial market chosen abroad, include tax considerations, such as escape from EU interest taxation (bank to be found outside the country of residence of the client, usually in a low tax jurisdiction [“tax haven”] that provides pecuniary and legal advantages). – See Banking, International Business Company, Financial Fugitive, Managed Bank. Reporting Procedures, Offshore Banking Onshore Banking.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/