Offshore Spring/Summer 2018 is a limited edition collection of beachwear consisting of three swimsuits, two pairs of swim shorts and a beach-towel. The apparel was sold online by Empire Management Limited, a company part of the larger Offshore Investigation Vehicle, set up by the Demystification Committee to model offshore financial practices.
Through visual motifs, the collection reveals the structure of a typical offshore corporate structure and the movement of money within it. More than just a diagram, the collection acts as a trigger: purchasing beachwear from an online store initiated a movement of money across the Offshore Investigation Vehicle, advantageously set-up across a number of tax havens.
As part of the operation, voted for by the shareholders of the Offshore Investigation Vehicle, the revenue from any Offshore Spring/Summer 2018 online sale would be secretely moved offshore to evade regular taxation, and the resulting tax savings redistributed to the shareholders. The price-per-item was calculated so that an eventual sell-out of the limited edition would result in 100% returns for shareholders on their initial investment, while 0% taxes were being paid. Returns were distributed on February 4, 2018 during a performance held at transmediale festival in Berlin, DE.
The steps needed for the operation to succeed are visualised through diagrams and patterns onto the Offshore Spring/Summer 2018 apparel itself, with further details and financial metrics available on the online store.