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UK Bank Escapes Tax On Loan Interest Under US Treaty

By David Hansen ( September 27, 2022, 3:15 PM EDT) -- HM Revenue & Customs can't impose £4.5 million ($4.8 million) in taxes on interest a Japanese-parented U.K. bank earned from a loan to a U.S. subsidiary, a U.K. tribunal ruled, saying a U.S.-U.K. double-tax treaty covered the transaction....

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