The buyer then purchases the offshore firm, meaning the owner of the property has not changed and no stamp duty is due.

To further mask the arrangements, the loans were often made through offshore firms in the Cayman Islands.

The price pressure exerted by offshore firms means that, on a worldwide basis, much of the revenue growth reported by services vendors has come from acquisitions.

Prosecutors suspected two offshore firms controlled by a Berlusconi family holding, Fininvest, bought television and cinema rights from a US firm.

The major offshore firms recognise this criticism and do not use the 'magic circle' terminology.

The following table sets out the offshore jurisdictions in which the principal multi-jurisdictional offshore firms have offices (correct as at June 2012).

According to some analysts, the provincial lottery corporations are already losing more revenue to the offshore firms than they continue to make by tilting the rules and odds in their favour.

Midsourcing is a recent modification to the outsourcing model which aims to minimize possible quality problems by providing management liaison services between the customer and the offshore firm.

He owns an offshore firm in the Seychelles, as well as in many other jurisdictions around the world.

Like many offshore firms, Walkers business was previously divided between its legal practice and fiduciary services.