Offshore investment facts for kids
Houses on Bermuda. Bermuda is not only known as a holiday destination, but also as a centre for offshore investment.
Offshore investment is when a person invests money in a different country than the country of residence. This is many done to pay less taxes. Differences in legislation may also be a driving force. Very often money laundering is also done in these countries.
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Offshore investment Facts for Kids. Kiddle Encyclopedia.