Tax sparing: Difference between revisions
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imported>Doug Williamson m (Tax/Pension check - Second general definition added using HMRC information) |
imported>Doug Williamson (Amended to clarify. Source: http://www.hmrc.gov.uk/manuals/intmanual/INTM161270.htm) |
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''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. | '''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. | |||
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* [[Margin]] | * [[Margin]] | ||
* [[Tax relief]] | * [[Tax relief]] | ||
* [[Double taxation relief]] | |||
Revision as of 16:03, 30 October 2013
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.
