What is offshore investing?
“Offshore” tax havens
Are investments in these places legal?
Even when tax is the driver, the motive might be simply administrative, as is the case with one of the most widely used offshore structures relating to double taxation.
Double the tax, double the admin
It’s not always straightforward
When it comes to offshore arrangements, investors have to weigh up three potential downsides;
· The rules are being tightened all the time, which makes falling foul of them easier
· Offshore structures can be expensive to set up
· The PR damage from getting it wrong can be considerable