International - Deductibility and Transfer Pricing of Banks’ Liquidity Reserve Expense
- C. Lim
- Derivatives & Financial Instruments, 2013 (Volume 15), No 5
- 19 September 2013
The author considers the tax implications of a bank’s liquidity reserve expense and, specifically, the challenges a bank may encounter in devising a global transfer pricing policy and obtaining a deduction for liquidity reserve expense in the countries in which it conducts business.