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imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Interest rates - reference rates''.
| | A form of cross-border tax avoidance, or tax planning, which takes advantage of differences in tax between different jurisdictions. |
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| A 'fallback' is a specified alternative reference interest rate, for use in the event that the originally envisaged reference rate is unavailable.
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| "Whilst fallbacks are contained in existing documentation should a reference rate become (temporarily) unavailable, these were not drafted as a long-term solution [to the permanent retirement of LIBOR]."
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| ''ACT Briefing Note, Transition to risk free rate benchmarks.''
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| 2.
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| Similar arrangements in other contexts.
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| == See also == | | == See also == |
| * [[Alternate Base Rate]] | | * [[Arbitrage]] |
| * [[Benchmark]] | | * [[Common Consolidated Corporate Tax Base]] |
| * [[Legacy]]
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| * [[LIBOR]]
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| * [[Reference rate]]
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| * [[Risk-free rates]]
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| * [[Waterfall]]
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| * [[Waterfall methodology]]
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| ===Other links===
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| [http://www.fca.org.uk/news/speeches/interest-rate-benchmark-reform-transition-world-without-libor A World without Libor - FCA speech - July 2018]
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| [[Media:ACT LMA Future of LIBOR Guide 0318.pdf| The future of LIBOR: what you need to know, ACT & LMA, March 2018]]
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| [[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Financial_products_and_markets]]
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Revision as of 09:33, 8 April 2015
A form of cross-border tax avoidance, or tax planning, which takes advantage of differences in tax between different jurisdictions.
See also