Offshore internet gambling can mean a variety of different topics. When you think about offshore financing, you tend to think about bank accounts that are not monitored or controlled by certain government agencies. This also tends to leave tax implications up in the air.
Internet gambling is available just about anywhere. If you have a computer with an internet connection, you can gamble. This means that anywhere you are, you have a full scale casino at your call.
Difference in Offshore Internet Gambling
Offshore internet gambling means that you are not on US soil when you are gambling or that you are registered elsewhere. There are people who do this because they are gambling with large amounts of money and want to avoid certain agencies radar. Depending on the structure of your citizenship and the way you handle your money, this act could be legal or illegal.
Knowing how to legally gamble offshore is not that easy. While gambling offshore on a cruise or online with a legitimate name and casino is always legal, there are methods that are less highly regarded. Make sure that you know what you are doing before you get in over your head.