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    • Join Date: Jan 2007
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    offshore = (of companies and banks) based in a different country with advantageous tax rules.

    Please explain (of companies and banks).
    I think :
    Some words before `of' could help me to understand this.

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    Re: offshore

    'Of' means that the term 'offshore' is used in reference to companies and banks with this meaning. A ship can be offshore, but the meaning is different.

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