A now defunct tax rule that charged 15 percent on interest received by investors of foreign securities. The purpose of this tax was to keep investments domestic and prevent high cash flows in the mid 1960s.
Related information about Interest Equalization Tax (IET):
- Interest Equalization Tax Definition | Investopedia
The interest equalization tax (IET) was established in 1963 and eliminated in 1974. It was designed to decrease the U.S. balance of payments deficit by ...
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Definition of Interest Equalization Tax (IET): A now defunct tax rule that charged 15 percent on interest received by investors of foreign securities. The purpose of ...
- Interest Equalization Tax (IET)
A U.S. federal tax which became effective in 1963, the IET of 15% on interest received from foreign borrowers was designed to restrict foreign debt issues sold ...
- 809 F.2d 1400
Wilkin did not, however, file quarterly Interest Equalization Tax (IET) returns for any of his Canadian securities investments. The IET, 26 U.S.C. Sec. 4911 et seq.
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The first Eurobond borrowing dates back to 1963 when the interest equalization tax (IET) imposed by the United States stopped the development of the Yankee ...
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Gerald Zelmanowitz used the certificates to qualify his sales of foreign stock under an exclusion to the interest equalization tax ("IET") which was then in effect .
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Mar 2, 2012 ... However, after the Great Depression, World War II, and the imposition of the Interest Equalization Tax (IET) in the U.S. in 1963, sovereign ...
- Eleven member states pursue the financial transactions tax - Lexology
Oct 15, 2012... result, partially at least, of the imposition of an Interest Equalization Tax (IET) by the USA in an effort to alleviate its balance of trade problems.