Question: On October 14 1993 Portugal s Ministry of Finance announced that

On October 14, 1993, Portugal's Ministry of Finance announced that it would scrap the 20% withholding tax imposed on the interest payments due foreigners holding government bonds. At present, foreigners whose governments have a double-taxation treaty with Portugal wait up to two years to claim back a portion of the tax. What might have been Portugal's motivations for scrapping the tax? What are the likely consequences of eliminating the withholding tax?

View Solution:

Sale on SolutionInn
  • CreatedJune 27, 2014
  • Files Included
Post your question