INTERVIEW QUESTIONS TAX DETAILS

Question: What is Captive Bank in Taxation?

Answer: Captive Bank in Taxation is a wholly owned subsidiary of a multinational group of companies whose purpose is to provide banking service to the group and those with whom the group deals. A captive bank is generally located in a tax haven in order to avail itself of the low capital requirements and freedom from exchange control.

Captive Bank in Taxation is a wholly owned subsidiary of a multinational group of companies whose purpose is to provide banking service to the group and those with whom the group deals. A captive bank is generally located in a tax haven in order to avail itself of the low capital requirements and freedom from exchange control. Source: CoolInterview.com

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