The U.S. parent company forms a subsidiary in Ireland.

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When a company is a subsidiary of a larger one, the parent company gets the credit.

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For example, Starbucks UK pays a 6% royalty (this was actually lowered to 4.7% when the taxman took a close look at it) to another Dutch subsidiary of the American parent company.

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Who do you know at your dream job from a parent company, joint venture, or subsidiary?

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Bianco says he met Galanis a year and a half ago and that Galanis is working for Gerova Advisors LLC, a wholly owned subsidiary of the NYSE-listed parent company.

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Fortunately, exceptions are provided for loans to and stock held in unrelated U.S. corporations, as these investments do not make foreign subsidiary funds available to the U.S. parent company.

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Its taxmen refused to allow as an expense all the interest paid by the German subsidiary of a Dutch company, Lankhorst-Hohorst, to its parent.

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Defence attorney Ulrich Sieber said Mr Somm, who was head of CompuServe's German subsidiary, had no technical means of blocking such sites, but still managed to get the US parent company to do so several times.

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