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WordNet-Online
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Definitions from the WebTerm: offsharePart of Speech: NounSense 1: The act of transferring assets, funds, or operations to another country or offshore location in order to take advantage of certain benefits such as tax advantages or lower costs. Example sentence: Many multinational corporations engage in offshare to minimize their tax burden. Sense 2: A location or entity situated in another country or offshore jurisdiction where assets or operations are transferred. Example sentence: The company set up an offshare in a tax haven to keep profits offshore and avoid taxes. Part of Speech: VerbSense: To transfer assets, funds, or operations to another country or offshore location. Example sentence: The company decided to offshare their manufacturing process to a country with lower labor costs. Part of Speech: AdjectiveSense: Describing something that is situated offshore or outside of the country. Example sentence: The company has an offshare bank account in a foreign country. Part of Speech: AdverbSense: Describing an action or activity done in an offshore or foreign location. Example sentence: The company invests offshare to take advantage of international markets. Related products on Amazon: | ||||
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