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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.

 
 Embedded terms in definition
 Foreign bond
Foreign
Interest
Issue
Subject
Subsidiary
Type
U
Withholding tax
 
 Related Terms
 

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