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Back-to-back loan |
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Back-to-back loan How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Kerzner (16) is the most recent case addressing the back-to-back loan strategy among related parties. Equally, he proceeded in saying that interest free back-to-back loans are deemed to give rise to interest income amounting to 0. He said: "We've already heard about the extent to which this bank gave loans to its own directors, how it gave loans to other people to buy shares in the same bank and arranged back-to-back loans with another financial institution to make its financial position look healthy at a time when it was anything but. |
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