interest equalization tax

Interest equalization tax

Tax on foreign investment by residents of the US which was abolished in 1974.

Interest Equalization Tax

A 15% tax on interest received from bonds originating outside the United States. Levied in 1963, its original intent was to stimulate dollar investment in American securities. The effect, however, was to stimulate the growth of euromarkets, that is, the growth of investment in dollars outside the jurisdiction of the United States. The interest equalization tax was removed in 1974.

interest equalization tax

A tax, no longer in effect, that was levied on income received from foreign securities owned by U.S. residents. By discouraging investment in foreign securities, the tax was intended to prevent an outflow of U.S. dollars.

单词	interest equalization tax
释义	interest equalization tax Interest equalization tax Tax on foreign investment by residents of the US which was abolished in 1974. Interest Equalization Tax A 15% tax on interest received from bonds originating outside the United States. Levied in 1963, its original intent was to stimulate dollar investment in American securities. The effect, however, was to stimulate the growth of euromarkets, that is, the growth of investment in dollars outside the jurisdiction of the United States. The interest equalization tax was removed in 1974. interest equalization tax A tax, no longer in effect, that was levied on income received from foreign securities owned by U.S. residents. By discouraging investment in foreign securities, the tax was intended to prevent an outflow of U.S. dollars.
随便看	writing speed writings, sacred writing style writing styles writing system writing systems writing table writing therapy writing ticket writing to disk writing-to-learn writing tools api writing tutor writing tutors writing up writing us in writing us off writing utensil writing was on the wall writing with ease writing you in writing you off writing your own ticket writing your ticket writ large