Your English writing platform
Discover LudwigSuggestions(5)
Exact(2)
The loan on which no interest is being paid can be counted as a loss on the company's tax return, while the loan at the doubled interest rate is placed on the books of an overseas affiliate not taxed in the United States.
Inversions also can happen when a U.S. company forms an overseas affiliate and the original company becomes a subsidiary of the foreign affiliate.
Similar(55)
Big companies with overseas affiliates are the most assiduous offshorers.
Hyundai's overseas affiliates, especially those in China and India, contributed to the strong numbers, Hyundai said.
Andersen's deteriorating condition has continued to affect its overseas affiliates.
At the same time, the firm continues to lose overseas affiliates.
When running overseas affiliates, he criticised the way in which Japanese firms like to send in Japanese managers; he promoted local staff instead, with much success.
The chamber has overseas affiliates that pay dues to the main organization but says it has a process to segregate those funds from any used for electioneering.
But the real issue is how to regulate derivatives trading by the overseas affiliates of American banks and by the foreign banks that do business with them.
Dozens of large corporate clients have switched to other auditors in recent weeks and its overseas affiliates plan to join rival firms.
Many of the firm's overseas affiliates have joined rival accounting firms -- a move that Andersen's domestic offices are now following.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com