TaxesSource of income Gross up Double taxation, domestic and international Deficiency Tax evasion Tax relief
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 Source of income in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Gross up in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Double taxation, domestic and international in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Deficiency in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Tax evasion in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Tax relief in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
