In the UK, scandals such as the Panama Papers in 2015 have done little to reverse the long-standing image of offshore funds as investments used solely to squirrel away money from the taxman. However, many argue that offshore funds offer legitimate tax planning benefits and investment opportunities.
Sam Instone explains what offshore funds are and looks at the tax implications that lead many investors to use them. AES International is a global wealth management firm that’s involved in offshore banking.
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