Challenger bank and POEM: Difference between pages

Revision as of 09:29, 24 May 2015

Tax.

Place of Effective Management.

The place where effective management and control of a taxable corporate body is carried out, for the purposes of the OECD model tax convention.

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-A relatively small, sometimes newer, retail bank which competes with larger, often older banks.
+''Tax''.
+'''P'''lace '''o'''f '''E'''ffective '''M'''anagement.
-Challenger banks' focus is generally on retail customers.
+The place where effective management and control of a taxable corporate body is carried out, for the purposes of the OECD model tax convention.
-Challenger banks would generally tend to service smaller corporate clients, if any, rather than larger ones.
+== See also ==
+* [[Organisation for Economic Co-operation and Development]]
+* [[Permanent establishment]]
+* [[Profit shifting]]
+* [[Residence]]
-In the UK, better-known challenger banks include, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank and Tesco Bank.
+[[Category:Accounting,_tax_and_regulation]]
-By the nature of the sector, new challenger banks arise with relatively greater frequency than other banks.
-== See also ==
-* [[Big 4]]
-* [[Central bank]]
-* [[Commercial banks]]
-* [[Competition & Markets Authority]]
-* [[Disruptor]]
-* [[DTLB]]
-* [[Independent Commission on Banking]]
-* [[Retail]]
-* [[Ring fence]]
-* [[Shadow banking]]