Holding Patrimoniale
English translation: (Pure) Holding Company
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| 09:22 Jan 19, 2019 |
| French to English translations [PRO] Law/Patents - Law: Contract(s) / Shareholders\' Agreement | |||||||
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|  Selected response from: Yvonne Gallagher Ireland Local time: 00:28 | ||||||
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| Summary of answers provided | ||||
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| 4 +1 | (Pure) Holding Company |
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| 4 | holding company |
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| 4 | Holding Company |
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| 3 | Asset Management Company |
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| Discussion entries: 4 | |
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Answers
33 mins confidence: 
Asset Management Company Explanation: I am not pretty sure because I hadn't made much research. But I think if it is not a family or parent company then it should be an asset management company. An asset management company (AMC) is a company that invests its clients' pooled funds into securities that match declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. AMCs manage mutual funds, hedge funds and pension plans, and these companies earn income by charging service fees or commissions to their clients. Example sentence(s):
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4 hrs confidence:
holding company Explanation: https://www.investopedia.com/terms/h/holdingcompany.asp |
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4 hrs confidence:
Holding Company Explanation: https://en.wikipedia.org/wiki/Holding_company https://www.rapidformations.co.uk/blog/what-is-a-holdings-co... https://www.proz.com/kudoz/french-to-english/finance-general... |
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4 hrs confidence: peer agreement (net): +1
peer agreement (net): +1(Pure) Holding Company Explanation: https://www.britannica.com/topic/holding-company#ref106406 Holding company, a corporation that owns enough voting stock in one or more other companies to exercise control over them. A corporation that exists solely for this purpose is called a pure holding company , while one that also engages in a business of its own is called a holding-operating company..." http://www.holdingcompany.com/definitions/holding-company.ht... "...an American point of view expressed by Waltersdorf in the Economic Journal of December 1926, who wrote: “In a technical sense, the Holding Company is a corporation chartered under the laws of one of the States, with broad powers enabling it to acquire and hold securities, and to issue its own securities. As a rule, the primary object of the device is to acquire all or a controlling majority of the outstanding stock, a certain percentage of the bonds, and other general securities and to hold continuously as securities notes for advances made in cash to cover current operating and construction needs. The Holding Company uses these different types of securities as the asset basis for the issuance of its own securities. ...What distinguishes a “Pure Holding company” from a “Mixed Holding company” is not the legal aspect, which is generally identical within the same country, but the fiscal aspect that manifests itself in the different taxation of certain types of income, as well as in the applicable tax base...." -------------------------------------------------- Note added at 1 day 2 hrs (2019-01-20 11:44:23 GMT) -------------------------------------------------- https://www.referenceforbusiness.com/encyclopedia/Gov-Inc/Ho... "...A holding company is said to be a "pure" holding company if it exists solely for the purpose of owning stock in other companies and does not engage in business operations separate from its subsidiaries. If the parent company also engages in its own business operations, then it is said to be a "mixed" holding company or a holding-operating company. Holding companies whose subsidiaries engage in unrelated lines of business are called conglomerates..." and more definitions/types here https://accountlearning.com/holding-company-meaning-definiti... and this was an interesting case in regards to Italian tax law https://www.pwc.lu/en/private-equity/newsletters/newsletter-... "...From the Supreme Court’s perspective, the lower court misinterpreted the concept of beneficial ownership, not distinguishing the particular nature and activities performed by a pure holding company from those of the operating companies. More specifically, the Supreme Court agreed with the taxpayer’s argument that the degree of substance required of a pure holding company should naturally be lower than that of the operating companies, as it is not essential for a pure holding company to have an organisational structure as complex as that of an operating company in terms of premises, personnel, assets, etc. Taking their particular characteristics into consideration, pure holding companies can be considered beneficial owners of the dividends to the extent that they have an adequate organisational structure based on their nature and functions (i.e. a level of organisational structure able to carry out an activity of mere coordination and control over the subsidiary, attending shareholders’ meetings and collecting dividends with the capacity to retain them, as opposed to being obliged to repay them to another entity). -------------------------------------------------- Note added at 5 days (2019-01-24 15:07:58 GMT) -------------------------------------------------- Well yes, it's often waffle but it is sometimes necessary to differentiate. And here there could be a fiscal difference (re taxation/applicable tax base) -------------------------------------------------- Note added at 7 days (2019-01-26 14:08:39 GMT) Post-grading -------------------------------------------------- Glad to have helped |
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