„Offshore Banking Center“
What does Offshore Banking Center stand for?
A financial center where many of the financial institutions have little connection with that country’s financial system, but have located themselves there to benefit from less regulation and/or lower taxes.
Source:
Financial and BankingView all itemsShaxson, N. (2011). Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens. Palgrave Macmillan.