Offshoring Definition

verb

Present participle of offshore.

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noun

The location of a business in another country for tax purposes.

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other

The exporting of certain business functions to foreign countries, where either company employees or independent contractors perform the work. Offshoring commonly involves the exporting of work from developed countries to undeveloped foreign countries for reasons that include cost reduction, tax avoidance, legal liability avoidance, and strategic market expansion. If work is shifted to independent contractors, the process becomes one of offshore outsourcing. See also job security and outsourcing.

Webster's New World Telecom
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