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Cross-holdings |
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Cross-holdings The holding by one corporation of shares in another firm. One needs to allow for cross-holdings when aggregating capitalizations of firms. Ignoring cross-holdings leads to double-counting. 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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Although today the priority is iron-ore mining, for CSN--led by Benjamin Steinbruch, who once headed CVRD before the two companies dissolved their cross-holdings in 2001--plans for steel also are ambitious. The recently enacted changes in German tax law, which are to take effect in 2002, promise to free up significant capital resources for some of the larger multi-national giants, as they unload these cross-holdings without the burden of capital gains taxes. codes on director's pay, cross-holdings, non-executive interests, corporate social responsibility etc). |
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