Eurobonds saved by US tax amendment

Author: Nicholas Pettifer | Published: 10 Dec 2009

An amendment to proposed US tax legislation has provided foreign bearer bonds with an exemption to excise tax. Fears that the Eurobond market would be strangled by the original legislation have subsided.

Under the first draft of the Foreign Account Tax Compliance Act (Fatca), all bearer bonds with a connection to...


 

 

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