cryptohunter
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Offshore tax refers to the practice of individuals or companies utilizing tax havens, or countries with low or no tax obligations, to reduce their tax liabilities in their home country. It is controversial because it is often seen as a form of tax evasion or avoidance, as individuals and corporations can take advantage of these tax-friendly jurisdictions to minimize their tax obligations. This can result in a loss of tax revenue for governments and can contribute to income inequality. The use of offshore tax havens has also been criticized for facilitating illegal activities such as money laundering and fraud.