"offshore accounts" refers to bank accounts or investments that people keep in other countries. These accounts are often used to store money, take advantage of tax benefits, or maintain privacy. Full definition
He hides his money in offshore accounts in order to hide from paying the taxes that you and I pay. (religion.blogs.cnn.com)
The program offers people with undisclosed income from offshore accounts another opportunity to get current with their tax returns. (business.financialpost.com)
Use tax shelters If you dream of hiding your money from the tax man in a secret offshore account, keep dreaming. (moneysense.ca)