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International finance subsidiary |
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International finance subsidiary A subsidiary incorporated in the US,
usually in Delaware, whose sole purpose once was to issue
debentures overseas and invest the
proceeds in foreign operations, with the interest
paid to foreign bondholders not subject
to US withholding tax. Elimination of the corporate withholding
tax has ended the need for this type of subsidiary. 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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| ? Mentioned in | ? References in periodicals archive | |
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| The international finance subsidiary of Banc One Corp. |
| Financial Dictionary |
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