Relocation, relocation, relocation

offshore accountant

Offshore is the key word in much tax avoidance.

Moving assets offshore – even things like song copyrights – and then hiding ownership through trusts allows people to pay much less tax.

It may be legal but the only objective is to avoid paying tax where the money is earned, very often in the UK.

Many tax havens play a key part, but so too do the UK banks, lawyers and accountants who set up these schemes.