Subsidiaries
in sentence
148 examples of Subsidiaries in a sentence
So within the company, there's no difference in the forward citation rates of their Indian
subsidiaries
versus their U.S.
subsidiaries.
Subsidiaries
of Shell and Eni paid the Nigerian government for the block.
From the banks’ perspective, that means that capital is trapped in subsidiaries, and cannot be optimally used across its network.
In practical terms, the US will be able to enforce anti-Iran sanctions on companies operating in its domestic market, and most likely on
subsidiaries
of US firms operating abroad.
The US will certainly try to punish such companies, whether by targeting their local subsidiaries, by trying to haul them into US courts, or by denying them access to the US market.
Halliburton and its
subsidiaries
have been ensnared in charges of war profiteering ever since, and have had to pay back millions of dollars to the US government.
And the British are welcoming an expansion of these activities in London – offering to treat Chinese banks operating there as branches (subject to Chinese regulation) rather than as
subsidiaries
(subject to British regulation).
A territorial system for taxing US firms’ foreign
subsidiaries.
The US is unique among industrial countries in subjecting repatriated profits earned by its companies’ foreign
subsidiaries
to the full domestic tax rate (with a credit for tax paid to the foreign government).
This would entail, for example, restricting capital transfers between parent banks in developed countries and their
subsidiaries
or branches in developing countries.
Only a few state-owned companies file International Financial Reporting Standards (IFRS) accounts and many have large numbers of subsidiaries, which can dilute benefits to shareholders, while offering opportunities for managers and other connected parties to enrich themselves.
Russian Railways, for example, has more than 23,000
subsidiaries.
Indeed,
subsidiaries
where managers hold shares through their children and other relatives – say, the huge construction company Stroitransgaz which has billion-dollar contracts with Gazprom – are created regularly and shareholders seem powerless to stop such practices.
Despite this, Gazprom’s holding company appears to be rolling in cash while its production
subsidiaries
mostly appear bankrupt and never pay their taxes in full.
But this danger can be countered by requiring banks to operate as legally incorporated subsidiaries, with locally regulated capital and liquidity reserves, and strong regulatory limits on the maturity of their funding.
Such requirements would not prevent useful capital flows: global banking groups could invest equity in emerging markets and fund their subsidiaries’ balance sheets with long-term debt.
US sanctions may remain on the books for now, but the Obama administration’s active efforts to discourage global banks from financing Russia from European
subsidiaries
will be difficult to continue indefinitely.
Finally, many governments explicitly or implicitly restrict parent banks’ ability to use government funds to back up their East European subsidiaries, many of them critical to the stability of the local financial systems.
Some of the debt does not even appear in the official statistics of borrowing countries, because it was often taken on not by domestically-based firms, but by their offshore
subsidiaries.
The biggest problem with the current system is that, by taxing the
subsidiaries
of multinational corporations as separate entities, it provides plenty of room for global companies to dodge their tax obligations.
The proposals include a minimum corporate tax agreed by developed countries, and mechanisms to prevent multinationals from shifting their profits to
subsidiaries
in low-tax jurisdictions.
Foreign ownership of banks was supposed to ensure their stability; it was expected that foreign banks would come to the rescue of their Argentine
subsidiaries
if they needed money.
What exactly did investors expect when they purchased bonds in companies with names like “Limitless World,” one of Dubai World’s bankrupt real-estate
subsidiaries?
Multiple state attorneys general are now taking drug manufacturers – including Purdue Pharma, Johnson & Johnson, Endo Health Solutions, Inc., and their
subsidiaries
– to court for marketing and distributing their products by “nefarious and deceptive” means.
In Canada, Hudbay Minerals is embroiled in a lawsuit that could open the door to real consequences for companies that offload onto
subsidiaries
all responsibility for their overseas operations.
Instead of applying their home countries’ ethical requirements and standards in the countries where they operate, Western companies draw a veil of subsidiaries, contractors, and supply chains over behavior that consumers and investors would consider reprehensible.
The case is seemingly complex, as it involved multiple owners, numerous subsidiaries, and an array of jurisdictions.
The stick – punishment of misconduct – requires stricter enforcement of legal and ethical requirements, whether concerning tax avoidance and evasion, or the ability to hide behind
subsidiaries.
About 50% of all exports leaving China have been processed previously by other economies, and close to 60% are shipped by Chinese
subsidiaries
of “foreign-invested enterprises.”
But an utter lack of transparency allowed Russian companies, and their
subsidiaries
registered in third countries, to snap up most of the new offerings.
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