• Anyone who has insurance, or a pension is investing offshore.

    No they don't. Pensions funds, more often than not, have very strict rules about where they can be invested.

    While it may be possible to invest in funds that lure offshore, they are not offshore in the tax-dodging sense - all realised gains and income from pension are taxable.

    You might point it that investing in pension defers income tax, and may result in a lower effective marginal rate over a tax payer's lifetime though. So, on that respect, it is tax avoiding. But not the same league as offshore shell companies governed by bearer bonds, the sole purpose of which is to obfuscate beneficiaries and avoid any tax anywhere.
    And paying for insurance is not investing...

  • Probably not the place but funds in places like Ireland are highly regulated and bearer shares are now illegal (not sure about bearer bonds). They are very vanilla structures.

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