tax free bond meaning in English

无税公债

Funds accumulated through investment companies set up in offshore areas can be invested or deposited throughout the world and whilst generally returns or interest payable in respect of these funds will be subject to local taxation , there are a number of offshore areas in which funds may be placed either in tax free bonds or as bank deposits where interest is paid gross
境外公司的另外一个用途是用来控制子公司、联合公司、上市公司、私人公司以及合资项目的投资。在许多情况下，因特殊投资所带来的资本增值可不须交税。另一方面，利用在同缔约国有双重课税协定的无税或低税司法管辖区建立的公司，可以把股息的预扣税大大降低。