Tax sparing: Difference between revisions
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imported>Doug Williamson (Amended to clarify. Source: http://www.hmrc.gov.uk/manuals/intmanual/INTM161270.htm) |
imported>Doug Williamson (Add link.) |
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''Tax'' | ''Tax''. | ||
1. | |||
A particularly generous form of double tax relief which allows a tax credit in one country for a tax which has been "spared" - in other words not actually charged - in another country. | A particularly generous form of double tax relief which allows a tax credit in one country for a tax which has been "spared" - in other words not actually charged - in another country. | ||
2. | |||
A Euromarket term for debt that is covered by a double exemption from withholding tax under tax sparing, enabling lenders to offer favourable rates. | A Euromarket term for debt that is covered by a double exemption from withholding tax under tax sparing, enabling lenders to offer favourable rates. | ||
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== See also == | == See also == | ||
* [[Double taxation relief]] | |||
* [[Euromarket]] | * [[Euromarket]] | ||
* [[Margin]] | * [[Margin]] | ||
* [[Tax ]] | |||
* [[Tax relief]] | * [[Tax relief]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Long_term_funding]] | |||
Latest revision as of 09:22, 6 July 2022
Tax.
1.
A particularly generous form of double tax relief which allows a tax credit in one country for a tax which has been "spared" - in other words not actually charged - in another country.
2.
A Euromarket term for debt that is covered by a double exemption from withholding tax under tax sparing, enabling lenders to offer favourable rates.
