Traduction de «Paiements d'intérêts sur la dette versés à l'étranger » (Français → Anglais) :

foreign debt interest payments

Interest is charged or paid automatically for late payments and refunds.

Budgetary items sensitive to the business cycle and interest payments on the general government debt are, however, excluded.

Meanwhile, the interest on the debt is paid to the group's "lender" company which is based in a low tax country where interest is taxed at a low rate (or not at all).

14. Emphasises the importance of the discussion on ‘the effects of foreign debt and other related international financial obligations of states on the full enjoyment of human rights’, and is alarmed by the fact that ‘debt servicing’ is an issue for most countries today and has become a pretext for the introduction of austerity plans which are termed ‘structural adjustment plans’; restates, all the more firmly in the current context of economic and social crisis, its position that the debt not only of third-world countries but also of all countries which face the greatest difficulties (particularly EU Member States) should be written off ...[+++] so as to avoid worsening the crisis and to ensure that people can properly enjoy their economic, social and cultural rights;