TaxesForeign-source income One hundred and eighty-three (183) days' rule Loss relief Compensating adjustment Stock exchange turnover tax Consolidated tax return
Captive bank
A captive bank is a fully owned subsidiary of a multinational corporation that offers banking services to the parent company and its affiliated entities. These banks are typically established in countries with favorable tax laws and minimal restrictions on foreign exchange. This allows the parent company to take advantage of lower capital requirements and unrestricted financial transactions. In other words, a captive bank serves as a strategic financial tool for multinational corporations to optimize their operations and maximize profits.
Related terms
Understand the meaning and definition of Foreign-source income in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of One hundred and eighty-three (183) days' rule in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Loss relief in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Compensating adjustment in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Stock exchange turnover tax in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Consolidated tax return in the context of stock market, trading, and investments.
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