invest offshore

He added: "We think it is good policy to allow this because it discourages games like renouncing your citizenship or investing offshore."

And on Jan. 5, Beijing, without giving details, said it would abolish limits on the amount that domestic companies could invest offshore.

Invest offshore with Lloyds TSB International.

"There is no question but that the use of tax havens to lower tax rates makes investing offshore more lucrative" than investing in the United States, he said.

By any standards, the Japanese funds available for investment outside Japan are mammoth: Japanese institutions - primarily insurance companies and trust banks - have more than $1.1 trillion that could be invested offshore.

"Nippon has a cash flow of about $16 billion to $18 billion a year, and a lot of that will have to be invested offshore," said Alan Washkowitz, a managing director at Shearson.

Expatriates qualify for and enjoy access to a wide range of financial products, investing offshore in products not restricted by the financial services or tax regulations in their home country or the place where they live now.

Since the late 1970's, United States corporations have abandoned core businesses, invested offshore, shifted capital into speculative ventures, subcontracted work to low-wage contractors in this country and abroad, demanded wage concessions from employees, and substituted part-time and other forms of "contingent" labor for full-time work schedules.