Bank secrecy and European Union withholding tax

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Bank secrecy and European Union withholding tax

Bank secrecy vs. European Union withholding tax

Banking secrecy, alternately known as financial privacy, banking discretion, or bank safety,Guex (2000), p. 240 is a conditional agreement between a bank and its clients that all foregoing activities remain secure, confidential, and private. The so-called European Union withholding tax is a withholding tax which is deducted from interest earned by European Union residents on their investments made in another member state, by the state in which the investment is held.

Similarities between Bank secrecy and European Union withholding tax

Bank secrecy and European Union withholding tax have 5 things in common (in Unionpedia): Banking in Switzerland, Cayman Islands, Hong Kong, Offshore bank, Singapore.

Banking in Switzerland

Banking in Switzerland began in the early 18th century through Switzerland's merchant trade and has, over the centuries, grown into a complex, regulated, and international industry.

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Cayman Islands

The Cayman Islands is an autonomous British Overseas Territory in the western Caribbean Sea.

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Hong Kong

Hong Kong (Chinese: 香港), officially the Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory of China on the eastern side of the Pearl River estuary in East Asia.

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Offshore bank

An offshore bank is a bank regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment.

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Singapore

Singapore, officially the Republic of Singapore, is a sovereign city-state and island country in Southeast Asia.

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The list above answers the following questions

What Bank secrecy and European Union withholding tax have in common
What are the similarities between Bank secrecy and European Union withholding tax

Bank secrecy and European Union withholding tax Comparison

Bank secrecy has 33 relations, while European Union withholding tax has 40. As they have in common 5, the Jaccard index is 6.85% = 5 / (33 + 40).

References

This article shows the relationship between Bank secrecy and European Union withholding tax. To access each article from which the information was extracted, please visit:

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