Financial Definition of International Finance Subsidiary
Meaning of International Finance Subsidiary
A subsidiary incorporated in the U.S., usually in Delaware, whose sole purpose was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to U.S. withholding tax. The elimination of the corporate withholding tax has ended the need for this type of subsidiary.
Related Entries of International Finance Subsidiary in the Encyclopedia of Law Project
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International Finance Subsidiary in Historical Law
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Legal Abbreviations and Acronyms
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| International Finance Subsidiary in the Dictionary | International Finance Subsidiary in our legal dictionaries |
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| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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| Related topics | International Finance Subsidiary in the World Encyclopedia of Law |
What is International Finance Subsidiary?
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