income access structure
An approach sometimes used to minimise cross-border dividend flows, particularly in the context of cross-border mergers.
The structures vary in each case, but all share the common aim of ensuring that, so far as possible, shareholders can access profits made in their own jurisdiction. A simple example would be if a company (resident in Country A) purchases a foreign company (resident in Country B) issuing shares as consideration. Rather than routing dividends from the foreign company through the parent in Country A and back to shareholders resident in Country B, the subsidiary could issue income access shares directly to shareholders resident in Country B and pay dividends on those shares out of profits in Country B.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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