What is another word for interest equalization tax?
Pronunciation: [ˈɪntɹəst ˌiːkwəla͡ɪzˈe͡ɪʃən tˈaks] (IPA) 
The term "interest equalization tax" refers to a tax on foreign investments or borrowing designed to equalize the interest rates with that of the domestic market. Some alternate phrases for this term include "cost of capital equalization tax" or "capital equalization levy." A similar term that refers to a different type of tax is "excise tax," which is a tax levied on the production, sale, or use of a specific product or service. Another synonym for interest equalization tax is "withholding tax," which is a tax imposed on non-residents' income before it's remitted to their home country. While these terms may differ in their specifics, they all relate to various forms of taxation.
