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High withholding tax interest income |
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High withholding tax interest incomeInterest income that is subject to a foreign gross withholding tax of 5% or more. Specified in US tax code.High withholding tax interest income Similar MatchesWithholding taxWithholding taxTax deducted at source in earnings, including dividends and interest payments.The UK is resisting efforts by the EU to impose withholding tax on eurobond interest payments. If the EU succeeds, the UK's strong market position in Eurobonds will be weakened, and a lot of the business will go to a tax territory where withholding tax is not levied. Withholding taxWithholding taxA tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country. WithholdingWithholdingIn the US, this refers to a deduction from an employee's salary by an employer for federal, state and local tax liabilities. UnderwithholdingUnderwithholdingWhen a taxpayer has withheld too little tax from salary and will therefore owe tax when filing a return. |
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