off-shore purchases
Definition
- Noun (plural):
- Goods or services bought from foreign suppliers: "off-shore purchases" refers to transactions where a buyer acquires products or services from a seller located in another country, often to take advantage of lower costs, tax benefits, or specialized goods not available domestically.
Usage Examples
- (Buying materials from foreign suppliers to save money.)
- (Buying goods from abroad for personal use.)
Advanced Usage
"Off-shore purchases" in business context: Often used in supply chain management to describe the strategy of sourcing inputs from other countries.
- The firm's off-shore purchases of components led to significant profit margins. (Buying parts from abroad improved profitability.)
"Off-shore purchases" in tax law: May refer to transactions that are intentionally structured to avoid domestic taxes.
- The government introduced new regulations to monitor off-shore purchases for tax evasion. (Tracking foreign purchases to prevent illegal tax avoidance.)
Variants and Related Words
Off-shore (adj): situated or operating in a foreign country, especially for tax or cost advantages.
- They opened an off-shore account to manage international transactions. (A bank account in a foreign country.)
Purchase (n): the act of buying something.
- The purchase of new equipment was approved by the board. (The acquisition of items through payment.)
Synonyms
- Foreign procurement: the process of acquiring goods from outside one's own country.
- International buying: purchasing items from sellers in other nations.
Related Idioms
Buy abroad: a simple phrase meaning to purchase from another country.
- They decided to buy abroad to avoid high domestic tariffs. (Purchase from foreign sources to reduce costs.)
Source globally: to obtain supplies from various countries around the world.
- The company sources globally for the best quality materials. (Finds suppliers in multiple countries.)