Intercompany loan

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Intercompany loan

Loan made by one unit of a corporation to another unit of the same corporation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Intercompany Loan

A loan in which both the lender and the borrower are divisions of the same corporation. Such a loan may have tax consequences, depending on the jurisdiction.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Despite the absence of restrictions on restricted payments and inter-company loans more than offset the lack of upstream guarantees and cross-default provisions or the existence of governance structures on the Boards of Directors at both VMware and Dell Technologies.
HMRC is owed PS52,778 while there are inter-company loans of PS770,725.
In a section detailing inter-company loans, the report reads: "We understand there is a balance of PS792,000 owed by the immediate parent company NPG.
He also advised PwC on the administration of Joseph Rhodes and Slater & Crabtree, which involved the staggered sale of various assets including intellectual property, shares and machinery, assisted Clydesdale Bank with enforcement options and possession proceedings pertaining to an agricultural property, and advised the Joseph Rowntree Foundation on reorganisation matters and inter-company loans.
Pua noted that Najib had elaborated that the transactions from TRXC to 1MDB were 'inter-company loans' that had been repaid on March 31 last year with the approval of MOF Inc, which were supposedly reviewed and signed off by the auditors of TRXC.
They also demanded that it should lower down interest rate on inter-company loans. GM headquarters has been collecting around 5 percent interest for its loans provided to GM Korea.
Tavistock is obliged to utilise GBP 52,000 of this consideration for the acquisition of IFAC and the balance of GBP 448,000 to repay outstanding inter-company loans owed by IFAC.
By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled US companies from using inter-company loans and interest deductions to cut their US tax bills, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration.
Out of its $10 billion total debt, $6 billion is owed to banks and the remaining $4 billion is classed as inter-company loans.
classified as inter-company loans. The ongoing effect of the agreement with most of Dubai Group's assets

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