International finance subsidiary - A subsidiary incorporated in the U.S., usually in Delaware, whose sole purpose was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to U.S. withholding tax. The elimination of the corporate withholding tax has ended the need for this type of subsidiary.
International finance subsidiary : a subsidiary incorporated in the u.s., usually in delaware, whose sole purpose was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to u.s. withholding tax. the elimination of the corporate withholding tax has ended the need for this type of subsidiary.
International finance subsidiary