A basic feature of the eurobond market is that the securities issued are all bearer rather than registered, and no tax is witheld on interest payments. In addition in most cases companies can offset the cost of interest payments against their taxable income in the home country.
KeywordsParent Company Interest Payment Case Company Home Base Finance Subsidiary
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- 1.Based on OECD Committee on Financial Markets, The Market for International Issues (Paris, 1972) p. 25.Google Scholar
- 2.See M. Grundy, Tax Havens (London: Sweet & Maxwell, 1972)Google Scholar
- and Avery Jones, Tax Havens and Measures against Tax Evasion and Avoidance in the EEC (London: Associated Business Programmes Ltd, 1974).Google Scholar