Sweetheart deal and TARGET2: Difference between pages

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1. ''Tax''.
TARGET2 (Trans-European Automated Real-time Gross settlement Express Transfer system) is an interbank payment system for the real-time processing of cross-border transfers throughout the EU.


A tax arrangement which is unusually favourable for the taxpayer.
Strictly speaking it is not itself a funds transfer system, rather it links existing national payment systems.




2. ''Tax''.
''TARGET2 is the successor to the earlier TARGET payment system.''
 
The settlement of a tax dispute on terms which are unusually favourable for the taxpayer.
 
 
3.
 
Any contract or arrangement on terms which are unusually favourable for one party.
 
Depending on the context, some sweetheart deals may be illegal or unenforceable.
 
The use of the term implies unfairness toward others who were not part of the sweetheart deal.
 


== See also ==
== See also ==
* [[Arm’s length principle]]
* [[Trans-European automated real-time gross settlement express transfer]]
* [[Base erosion and profit shifting]]
* [[Gross settlement system]]
* [[Contract]]
* [[ISO 20022]]
* [[Single Market]]
* [[Payments and payment systems]]
* [[Tax avoidance]]
* [[Tax evasion]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Cash_management]]

Revision as of 16:38, 19 November 2017

TARGET2 (Trans-European Automated Real-time Gross settlement Express Transfer system) is an interbank payment system for the real-time processing of cross-border transfers throughout the EU.

Strictly speaking it is not itself a funds transfer system, rather it links existing national payment systems.


TARGET2 is the successor to the earlier TARGET payment system.

See also

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