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Treaty Lender

Italian translation: mutuante protetto da Trattato di non-doppia imposizione fiscale

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Treaty Lender
Italian translation:mutuante protetto da Trattato di non-doppia imposizione fiscale
Entered by: Barbara Antonello

13:19 May 28, 2016
English to Italian translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: Treaty Lender
è un punto all'interno di un contratto di finanziamento

"the Bank is a Treaty Lender...."
Barbara Antonello
Italy
Local time: 02:43
mutuante protetto da Trattato di non-doppia imposizione fiscale
Explanation:
Praticamente un mutuante nel Paese A e un mutuatario nel Paese B.
Se esiste un Trattato tra i due Paesi che vieta la doppia imposizione di interessi sul mutuo a carico di A, le imposte su interessi si pagano solo una volta nel Paese A.

http://www.wikinvest.com/stock/Virgin_Media_(VMED)/Treaty_Le...
Selected response from:

Giovanni Pizzati (X)
Italy
Local time: 02:43
Grading comment
Grazie a tutti!
3 KudoZ points were awarded for this answer



Summary of answers provided
5 +3mutuante protetto da Trattato di non-doppia imposizione fiscale
Giovanni Pizzati (X)
Summary of reference entries provided
Treaty Lenders
Ana Claudia Macoretta

  

Answers


48 mins   confidence: Answerer confidence 5/5 peer agreement (net): +3
treaty lender
mutuante protetto da Trattato di non-doppia imposizione fiscale


Explanation:
Praticamente un mutuante nel Paese A e un mutuatario nel Paese B.
Se esiste un Trattato tra i due Paesi che vieta la doppia imposizione di interessi sul mutuo a carico di A, le imposte su interessi si pagano solo una volta nel Paese A.

http://www.wikinvest.com/stock/Virgin_Media_(VMED)/Treaty_Le...

Giovanni Pizzati (X)
Italy
Local time: 02:43
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 331
Grading comment
Grazie a tutti!

Peer comments on this answer (and responses from the answerer)
agree  Ana Claudia Macoretta
16 mins
  -> grazie
agree  Amelia_M
26 mins
  -> grazie
agree  Erzsébet Czopyk: you are right!
1 hr
  -> grazie
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Reference comments


1 hr peer agreement (net): +2
Reference: Treaty Lenders

Reference information:
*Treaty Lenders* are lenders that reside outside the UK and that qualify under a double tax treaty with the UK.

To better understand the meaning, you may see this document, esp. page 47:

Borrowers then need to consider whether overseas Lenders should be included in the Qualifying Lender definition. In the case of a UK Borrower, Lenders which are resident outside the UK may receive payments free of withholding tax, but only if they qualify under a double tax treaty with the UK (in which case the Investment Grade Agreement calls them *Treaty Lenders*). As well as satisfying the conditions in the applicable treaty, the Lender also has to obtain directions from HMRC telling the Borrower to pay interest without deducting tax. There is, accordingly, a much greater risk of withholding tax arising in the case of *Treaty Lenders* than in the case of UK Lenders. However, *Treaty Lenders* are now routinely included in syndicates as Qualifying Lenders. A very strong Borrower might, in appropriate circumstances, such as a small club deal, consider excluding *Treaty Lenders*. However, the tax risks arising from their inclusion may be outweighed in other cases by the pricing and liquidity concerns which could arise from their exclusion.
https://www.treasurers.org/ACTmedia/KSM14_ACT.PDF

Ana Claudia Macoretta
Spain
Specializes in field
Native speaker of: Native in ItalianItalian, Native in SpanishSpanish
PRO pts in category: 32

Peer comments on this reference comment (and responses from the reference poster)
agree  Amelia_M
6 mins
  -> Grazie, Amelia.
agree  Erzsébet Czopyk
49 mins
  -> Thank you, Erzsébet.
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