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The phrase "a offshore trust" is not correct in written English; it should be "an offshore trust." You can use it when referring to a type of trust that is established in a foreign jurisdiction, often for asset protection or tax benefits.
Example: "Many wealthy individuals choose to set up an offshore trust to safeguard their assets from potential legal claims."
Alternatives: "an international trust" or "a foreign trust."
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His wife and his three children, Sam, Jake and Emily (who runs a fashion shop in Notting Hill, west London), also appear as past beneficiaries of a offshore trust in the Channel Islands.
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The BVI company was in turn placed in the ownership of an offshore trust, the London Trust, set up in the far-flung Cook Islands, in the Pacific, with Rockowitz himself named as the trust's beneficiary.
Mr Argand is a trustee of an offshore trust set up by Mr Ecclestone's Croatian second wife as part of an elaborate tax-avoidance scheme (see diagram 2).
But it's possible that if David Cameron's name had not come up because he was a beneficiary of an offshore trust set up by his father, they would not have received nearly as much coverage.
One claims that 80% or more of his transactions are with international, overseas-based buyers and "50 or 60%" of them are conducted in "various stages of anonymity … whether it be through a company or an offshore trust".
One claimed that 80% or more of his transactions were with international, overseas-based buyers and "50 or 60%" of them were conducted in "various stages of anonymity … whether it be through a company or an offshore trust".
Don't mix a partnership with an offshore trust.
"The other, larger scheme, started in 2001, involves a payment into an offshore trust, but there is no contractual entitlement on the part of the players.
Take the case of the Andersons, a San Diego couple that set up an offshore trust before launching a dubious late-night TV infomercial selling, among other things, water-filled dumbbells.
In an e-mail message, he compared the use of an offshore trust to a company's decision to incorporate in Delaware rather than some other state.
"I've known some people who thought they could invest in an offshore entity through an offshore trust and they wouldn't owe taxes," says Alexander Shogren, CEO of the hedge fund firm Tuna Group.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com