bond washing


Also found in: Financial.

bond washing

n
(Banking & Finance) a series of deals in bonds made with the intention of avoiding taxation
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References in periodicals archive ?
Major charities have been contacted by HMRC claiming that a portion of the income they may make from bond trading is facilitating a form of tax evasion called 'bond washing'.
If companies are evading tax through bond washing, HMRC should tackle the problem at source, but charities are soft targets who may feel they have to co-operate or risk losing their tax exempt status."