cryptohunter
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Offshore tax planning is the process of using offshore tax structures and jurisdictions to reduce a company's tax liability. This involves moving profits and assets to countries with lower tax rates in order to minimize the amount of taxes a company has to pay. Offshore tax planning is relevant to businesses because it can help them to increase profitability by reducing their tax expenses. However, it's important to note that offshore tax planning must be done within the bounds of local and international tax laws and regulations, and it is illegal to engage in offshore tax evasion.